Extractive Industries:

Extractive industries are those industries that extract natural resources from the environment. These industries are involved in the extraction of raw materials that are used for further production in other sectors. The raw materials are extracted from the earth’s crust, water bodies, and other natural resources. The extractive industries include mining, quarrying, fishing, forestry, and agriculture.

Manufacturing Industries:

Manufacturing industries are those industries that transform raw materials into finished goods. These industries are involved in the production of tangible products that are sold to customers. The manufacturing industries include food processing, textile manufacturing, chemical production, electronics manufacturing, and automobile production.

Difference between Extractive Industries and Manufacturing Industries:

The extractive industries and manufacturing industries differ in the following ways:

1. Nature of Operations: Extractive industries extract raw materials from the environment, whereas manufacturing industries transform raw materials into finished goods.

2. Input: Extractive industries use natural resources as their input, whereas manufacturing industries use raw materials as their input.

3. Output: Extractive industries produce raw materials, whereas manufacturing industries produce finished goods.

4. Value Addition: Extractive industries do not add much value to the raw materials, whereas manufacturing industries add value to the raw materials by transforming them into finished goods.

5. Location: Extractive industries are located near the source of raw materials, whereas manufacturing industries are located near the market.

6. Employment: Extractive industries require fewer skilled workers, whereas manufacturing industries require more skilled workers.

Conclusion:

In conclusion, extractive industries and manufacturing industries are two different types of industries with different nature of operations, inputs, outputs, value addition, location, and employment requirements. Extractive industries are involved in the extraction of raw materials, while manufacturing industries are involved in the transformation of raw materials into finished goods. Both industries play a crucial role in the economy and are interdependent.

Extractive industries- these industries extract or draw out products from natural sources and supply some basic raw materials
Manufacturing industries- these industries are engaged in producing goods thorough processing raw materials and thus creating from utilities