Industries can be classified based upon various factors such as ownership, inputs, outputs, etc. Based on the output, industries can be classified as: Basic industries: Industries whose products are used to produce other goods. Iron and steel industry, copper refining industry is one of the basic industries because steel & copper produced by this industry is used in many other industries as a raw material. Some basic industries produce machines which are used to produce other goods. Non-basic or consumer goods industries: Industries which produce goods for direct consumption such as tea, bread, soap and television.