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need short note on sub topics of classification of iIndustry , based on size, based on inputs, output
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need short note on sub topics of classification of iIndustry , based o...
An economic activity which involves extraction of minerals,
production of goods or the provision of services is referred to as an industry.
Industries can be classified on the basis of size, ownership and raw materials.
Size
It refers to volume of production, number of people employed and the amount of capital invested. Industries can be divided into two types on the basis of size. They are:
a. Small scale industries - In cottage or household industries the artisans make the products by hand. Compared to large scale industries they use less amount of capital and technology. For example, basket weaving and pottery.
b. Large scale industries - Investment of capital is higher and superior technology is used in large scale industries. For example, automobiles and heavy machinery.
Ownership
On the basis of ownership the industries can be divided as:
a. Private sector industries - They are owned by owned and operated by an individual or a group of individuals.
b. Public sector industries - They are owned and operated by the government. For example, Steel Authority of India Limited and Hindustan Aeronautics Limited.
c. Joint sector industries - They are owned and operated by
the state and individuals or a group of individuals. For example, Maruti Udyog
Limited.
d. Co-operative sector industries - They are owned and operated by the producers or suppliers of raw materials, workers or both. For example, Anand Milk Union and Sudha Dairy.
Raw materials
On the basis of raw materials industries can be classified as follows:
a. Agro based industries - They use plant and animal based products as raw materials. For example, food processing and cotton textile industries.
b. Mineral based industries - They are primary industries which use mineral ores as raw materials. Their products are use in other industries. For example, industries which make iron from iron ore. Iron is used as a raw material by other industries which manufacture heavy machinery or building materials.
c. Marine based industries - Products from the sea and oceans are used as raw materials by them. For example, industries which process sea food or manufacture fish oil.
d. Forest based industries - Forest produce is used as raw material by them. For example, pulp and paper industries.
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need short note on sub topics of classification of iIndustry , based on size, based on inputs, output Related: Chapter Notes - Secondary Activities, Class 12, Geography
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need short note on sub topics of classification of iIndustry , based on size, based on inputs, output Related: Chapter Notes - Secondary Activities, Class 12, Geography for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about need short note on sub topics of classification of iIndustry , based on size, based on inputs, output Related: Chapter Notes - Secondary Activities, Class 12, Geography covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for need short note on sub topics of classification of iIndustry , based on size, based on inputs, output Related: Chapter Notes - Secondary Activities, Class 12, Geography.
need short note on sub topics of classification of iIndustry , based on size, based on inputs, output Related: Chapter Notes - Secondary Activities, Class 12, Geography for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about need short note on sub topics of classification of iIndustry , based on size, based on inputs, output Related: Chapter Notes - Secondary Activities, Class 12, Geography covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for need short note on sub topics of classification of iIndustry , based on size, based on inputs, output Related: Chapter Notes - Secondary Activities, Class 12, Geography.
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