What is industry discuss the different types of industries?

Industry, a group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.

What are the 4 different industries?

There are four different sectors in the economy: primary, secondary, tertiary, and quaternary.

What are the different types of industries Class 8?

CBSE Class 8 Social Science Revision Notes History Industries. Industrial activities are divided in three sectors – Primary sector, Secondary sector and tertiary sector. Secondary activities are those activities which change raw materials into products of more value.

What are the different types of industries Class 11?

Industry and its classification into three broad categories: Primary, Secondary and Tertiary

  • (a) Primary industries.
  • (b) Secondary industries.
  • (c) Tertiary industries.

What is an example industry?

Industries are usually categorized by the goods and services they produce. For example, the pizza industry is made up of all producers who produce and sell pizza in the market. It is important to note that for a pizza maker to belong to the pizza industry, he or she must sell the product they make in the market.

What are some examples of tertiary industries?

The tertiary industry is the services sector of an economy, encompassing medical providers, educators, financial services, haircuts, and personal trainers, among many others.

How many types of industries are there class 10?

Complete Answer: Industries are classified on different basis such as raw materials, size and ownership. If we talk about the basis of size, then there are four types of industries, i.e. large scale industries, small scale industries, medium industries and cottage industries.

What is mean by industry and explain the classification of industries Class 8?

Answer: Industry refers to an economic activity that is concerned with the production of goods like iron and steel industry, extraction of minerals like coal mining industry and the provision of services like tourism industry.

What is an industry class 10?

Industry is a place where products are produced by the agricultural products or by raw materials. For example- Cotton is produced by cotton plant, so, it is agricultural product. it is found as raw material. then raw cotton goes to cotton textile mills and cotton clothes are made by raw cotton. hope it helps.

What are the different types of industries Class 10?

Answer

  • raw meterial- agrobased and mineralbased industries.
  • according to role – basic and consumer.
  • capital investment – small scaled.
  • ownership – public private and joint sector.