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Question
Answer in brief.
State any two types of industries.
Solution
Industries are a part of business. They look after the production of goods and services.
Industries create form utility. There are various types of industries. They can be broadly divided into three categories.
- Primary Industry: These are the industries which depend on nature for their production. They include agriculture, mining, fishing, woodcutting, etc. Primary industries are further divided into three types; agriculture industry, extractive industry, and genetic industry.
- Secondary Industry: These are the industries which depend upon primary industries for their production. They mainly categorized as manufacturing industries and construction industries. Secondary industries use the raw materials of primary industries and convert them into finished products which are then sold in the market.
- Tertiary Industries: They provide support services to primary and secondary industries. Service facilities are provided by these industries. It includes transport, banking which comes under traditional category whereas in modern times hotel industry, tourism industry, entertainment industry etc. are also included.
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