• Industries can be classified on the basis:→ Raw materials→ Size→ Ownership
Question
• Industries can be classified on the basis:→ Raw materials→ Size→ Ownership
Solution
Industries can be classified based on several factors:
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Raw Materials: Industries can be classified based on the type of raw materials they use. For example, agro-based industries use agricultural products as raw materials, mineral-based industries use minerals as raw materials, and so on.
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Size: Industries can also be classified based on their size. For instance, small scale industries, medium scale industries, and large scale industries.
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Ownership: Industries can be classified based on the type of ownership they have. This could be private sector industries, public sector industries, joint sector industries, or cooperative sector industries.
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