In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.

How is the classification of industries done on the basis of raw materials and size?

Industries classified on the basis of raw material are as follows: (i) Agro-based industries: These industries utilise agricultural products as their raw material. (ii) Mineral-based industries: They obtain their raw materials from mines like coal, iron ore, bauxite etc.

How would you classify industries on the basis of raw material?

On the basis of sources of raw material industries are classified as:

• Agro based: Agro based industries draw their raw materials from agricultural products. For example, Textiles, Sugar, Coffee, Tea and Edible Oil, etc.
• Mineral based: Mineral based draw their raw material from minerals.

What are the classification of industries Class 8?

Industries are classified: On the basis of raw material: Agro-based industries, Mineral-based industries, Marine-based industries, Forest-based industries. On the basis of size: Small scale industries and Large scale industries.

How are industries classified on the basis of size?

No Problem Ask this as a question. On the basis of raw materials industries are classified into agro based, mineral based, marine based and forest based industries Classification on the basis of size refers to the amount of capital invested, number of people employed and volume of production Was this answer helpful?

How are large scale industries different from small scale industries?

It refers to the amount of capital invested, number of people employed and the volume of production. Based on size, industries can be small-scale industries and large-scale industries. These industries can be distinguished on the basis of capital and technology used. a) Large-scale Industries. b) Small-scale Industries.

How are industries classified on the basis of raw materials?

Industries can be classified on the basis of source of raw materials, size and ownership. Industries can be agro-based, mineral-based, marine-based and forest-based, depending on the type of raw materials they use.

What does classification on the basis of size mean?

Classification on the basis of size refers to the amount of capital invested, number of people employed and volume of production Was this answer helpful?