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Identify the type of industry given in the picture below and explain its features. - Commercial Applications

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Question

Identify the type of industry given in the picture below and explain its features.

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Solution

The image shows a construction site, so the type of industry depicted is a construction industry, which is a type of secondary industry.

Features of the construction industry:

  1. Nature of activity: It involves the building and construction of infrastructure such as buildings, bridges, roads, dams, and other structures that form the foundation of development.
  2. Use of materials: It utilizes materials obtained from both the primary sector, such as sand, stone, and timber, and the secondary sector, such as cement, steel, and bricks.
  3. Immovable output: The products of the construction industry are fixed at a particular location and cannot be moved once they are built.
  4. Capital and labour intensive: This industry requires a significant amount of capital investment in machinery, materials, and tools, as well as the involvement of skilled and unskilled labour.
  5. Economic importance: It plays a crucial role in developing infrastructure, housing, and industrial facilities, thereby contributing to the overall economic growth of the country.
  6. Examples: Construction industry includes the building of residential and commercial complexes, highways, and major infrastructure projects undertaken by companies such as DMRC (Delhi Metro Rail Corporation) and L&T (Larsen & Toubro).

The construction industry is classified under secondary industries, as it involves processing raw materials into finished immovable products, contributing significantly to infrastructure development and economic growth.

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Chapter 1: Introduction to Commercial Organisations - EXERCISES [Page 21]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 1 Introduction to Commercial Organisations
EXERCISES | Q III. 19. | Page 21
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