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Classification Of Industries Video Lecture | Geography for Class 8

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FAQs on Classification Of Industries Video Lecture - Geography for Class 8

1. What are the different types of industries?
Ans. The different types of industries are primary industries, secondary industries, and tertiary industries. Primary industries involve the extraction and production of natural resources, such as farming, fishing, and mining. Secondary industries involve the processing and manufacturing of these raw materials, such as food processing or textile manufacturing. Tertiary industries provide services to both primary and secondary industries, such as banking, transportation, and healthcare.
2. What is the importance of classification of industries?
Ans. The classification of industries is important as it helps in understanding the different sectors of the economy and their contribution to overall development. It enables policymakers to identify the growth potential, challenges, and opportunities in each industry sector. It also helps in resource allocation, planning, and formulating appropriate policies for the development of specific industries. Moreover, the classification of industries facilitates trade and investment decisions, as it provides insights into the market dynamics and competitiveness of different sectors.
3. What factors are considered while classifying industries?
Ans. Several factors are considered while classifying industries, including the nature of the economic activity, the level of technology used, the type of raw materials used, and the scale of production. Industries can be classified based on the type of product they produce, such as agriculture, manufacturing, or services. They can also be classified based on the level of technology used, such as traditional industries or high-tech industries. Additionally, industries can be categorized based on the source of raw materials, such as mineral-based industries or agro-based industries.
4. How does the classification of industries impact employment opportunities?
Ans. The classification of industries has a significant impact on employment opportunities. Different industries have varying labor requirements and skill sets. Primary industries, such as agriculture or mining, tend to employ a large number of people, especially in rural areas. Secondary industries, such as manufacturing, require a mix of skilled and unskilled labor. Tertiary industries, such as services, often employ a wide range of professionals and skilled workers. By understanding the classification of industries, policymakers and individuals can identify the potential job opportunities in each sector and make informed career choices.
5. Can industries change their classification over time?
Ans. Yes, industries can change their classification over time. Technological advancements, changes in market demand, and shifts in the global economy can influence the classification of industries. For example, traditional manufacturing industries may adopt new technologies and become high-tech industries. Similarly, with the growth of e-commerce, certain retail industries may transition from brick-and-mortar stores to online platforms. Changes in classification often reflect the dynamic nature of industries and their ability to adapt to evolving trends and demands.
24 videos|33 docs|21 tests
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