Instructions:
- Define industry
- Classification of industries based on raw material
- Give examples
Answer:
Industry:
An industry is a classification that refers to a group of companies or businesses that are related to the production of goods and services.
Classification of industries based on raw materials
Agriculture-based industry
The industry that depends on agriculture for raw materials is known as the ‘agro-industry’.
Examples: Jute, dairy and sugar
Mineral-based industry
Industries that use raw materials like metallic and non-metallic minerals are termed ‘mineral-based industries’.
Examples: Railway, automobile
Forest-based industry
These industries procure forest produces to use as raw material.
Examples: Matchstick, pencil, and furniture
Animal-based industry
Businesses that depend on animals and their products for raw material.
Example: Dairy, poultry and leather