Write a short note about the major industries of the world.
Answers
Answer: Industries are part of the secondary activity. Secondary activities or manufacturing converts raw material into products of more value to people. The industry refers to economic activities concerned with the production of goods, extraction of services, and provision of services.
Explanation: Classification of Industries
1. Raw material
Agro-based industries: These industries use plants and animal-based products as their raw materials. Examples, food processing, vegetable oil, cotton textile, dairy products, and leather industries.
Mineral-based industries: Mineral-based industries are based on mining and use ‘mineral ore‘ as raw material. These industries also provide to other industries. They are used for heavy machinery and building materials.
Marine-based industries: Marine-based industries use raw materials from the sea or ocean. Examples, fish oil.
Forest-based industries: These industries use raw materials from the forest like wood. The industries connected with forests are paper, pharmaceutical, and furniture.
2. Size
The size of industries is measured by how much money is invested, employee count, and goods produced.
Small-scale industries: Small-scale industries have less capital and technology invested in them. There is often manual labor noticed here. For example, Basketweaving, pottery, and handicrafts.
Large-scale industries: Largescale industries are the exact opposite of small-scale industries. Here the capital invested is large and advanced technology is in use here. For example, Automobiles and Heavy Machinery.
3. Ownership
Private sector: Private industries are businesses that are owned and operated by an individual or group of individuals.
Public sector: Public industries are owned and managed by the government. For example, Hindustan Aeronautics Limited (HAL)
Joint sector industries: These industries are jointly operated by the state and individuals. For example, Maruti Udyog.
Cooperative sector industries: Cooperative industries are operated by the suppliers, producers, or workers of raw material. For example, Amul India.
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