Question

How are the industries classified on the basis of raw materials?

Answer 1

Instructions:

• We need to discuss the classification of industries based on raw materials.

Solution:

• Agro- based Industry: These industries use plant and animal based products as their raw materials. Food processing, vegetable oil, cotton textile, dairy products and leather industries are examples of agro based industries.
• Mineral-based Industries: These are the industries that use mineral ores as their raw materials. Iron made from iron ore is the product of mineral based industry. This is used as raw material to manufacture other products such as heavy machinery, building materials, and railway coaches.
• Marine-based Industries: These industries use products from the sea and oceans as raw materials. Industries processing seafood and manufacturing fish oils are some examples.
• Forest-based Industries: These industries use forest products as their raw materials. These industries are associated with forest pulp & paper, furniture and some pharmaceuticals industries.