Explain with examples the various types of industries.

Explanation

The following are the various types of industries.


(a) Primary industries: These industries basically undertake activities related to the extraction and processing of natural resources. These industries directly use natural resources as their raw materials and convert them into a consumable form. Agriculture, mining, fishing, etc., are among the activities undertaken by primary industries. Based on the nature of the activities performed, primary industries can be classified as ‘extractive’ or ‘genetic’ industries.


(i) Extractive industries: These industries deal with extraction and refinement of natural resources. The products of these industries serve as raw materials for other industries, which further process these products into useful goods. Agriculture, fisheries, mining, etc., are among the extractive industries.


(ii) Genetic industries: These are the industries that undertake breeding of plants and animals which can be used for further reproduction. Seeds and nursery industries and poultry farming are examples of genetic industries.


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