English

Attempt the following. What are the different types of secondary industries? - Organisation of Commerce and Management

Advertisements
Advertisements

Question

Attempt the following.

What are the different types of secondary industries?

Short Note

Solution

Secondary industries are those which depend upon primary industry for production. Secondary industries take raw materials from primary industries and carry out their production.

Secondary industries are of two types:

  1. Manufacturing industry: These industries are engaged in the manufacturing of various types of goods. They may be consumer goods or industrial goods. These industries convert raw materials into finished products. They make use of men, material, and money for production. Examples of these industries include the chemical industry, electronics industry, textile industry, paper industry.
  2. Construction industry: These types of secondary industries are engaged in construction activities such as dams, bridges, buildings, roads, tunnels, etc. In the case of other industries, the goods are produced in one place but sold in different places. However, in case of construction industry, the construction takes place in one place only. Thus this industry creates immovable property.
shaalaa.com
Classification of Business Activities
  Is there an error in this question or solution?
Chapter 1: Introduction of Commerce and Business - EXERCISE [Page 20]

APPEARS IN

Balbharati Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
Chapter 1 Introduction of Commerce and Business
EXERCISE | Q 7. 4) | Page 20
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×