Question

Classify industry based on output.

Answer 1

Based on output there are two types of industries:

• Basic industries: The industry whose products are used to make other goods by using them as raw materials are basic industries. Eg. the Iron and steel industry for making machinery for textile industries to make clothes.
• Consumer goods industries: The consumer goods industries produced goods that are consumed by consumers directly. For example, industries producing pieces of bread and biscuits, tea, soaps and toiletries, paper for writing, televisions, etc. are consumer goods or non-basic industries.