Question

Write short notes

Classification of industries based on production

Answer 1

The classification of industries based on the nature of the product is as follows:

1. Basic industries or heavy industries: These industries produce material which is further used by other industries. The iron and steel industry, for example, makes steel for further use in the automobile, heavy machinery and other industries.
2. Consumer goods or light industries: These industries manufacture goods that are ready for direct consumption. For example: Watch-making, electronic goods, textile mills, pharmaceutical plants etc. 
3. Ancillary industries: These industries manufacture parts and components to be used by other industries for manufacturing heavy articles like trucks, buses, railway engines, tractors, etc. The final product of these industries is the raw material for other industries. For example, nails, tyres, iron sills, iron sheets, etc.