KALYAN CITY LIFE

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Kalyan City is a fast emerging residential township in the Thane district of Maharashtra state, India. It is a central suburban town and resides 54 kms north-east of Mumbai. This blog regularly shares quality academic materials. Here we also document our unique experiences and vivid memories of life. Read our lucid informative articles to excel your understanding, knowledge and success.

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Articles published on Kalyan City Life blog are inspired from our work experience, field research, study of various good books and papers, seminars and consultations from subject scholars. Our unique collection of useful study notes is an outcome of a team effort and hard work of Gaurav Akrani, Prof. Mudit Katyani and Manoj Patil.

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What is Industry ? Meaning - Classification Types of Industries




square What is Industry ? Meaning ↓


The production side of business activity is referred as industry. It is a business activity, which is related to the raising, producing, processing or manufacturing of products.

industry and types of industries

Image Credits © Barrie Caveman.

The products are consumer's goods as well as producer's goods. Consumer goods are goods, which are used finally by consumers. E.g. Food grains, textiles, cosmetics, VCR, etc. Producer's goods are the goods used by manufacturers for producing some other goods. E.g. Machinery, tools, equipments, etc.

Expansion of trade and commerce depends on industrial growth. It represents the supply side of market.


square Classification / Types of Industries ↓


There are various types of industries. These are mentioned as follows :-


1. Primary Industry


Primary industry is concerned with production of goods with the help of nature. It is a nature-oriented industry, which requires very little human effort. E.g. Agriculture, farming, forestry, fishing, horticulture, etc.


2. Genetic Industry


Genetic industries are engaged in re-production and multiplication of certain spices of plants and animals with the object of sale. The main aim is to earn profit from such sale. E.g. plant nurseries, cattle rearing, poultry, cattle breeding, etc.


3. Extractive Industry


Extractive industry is concerned with extraction or drawing out goods from the soil, air or water. Generally products of extractive industries come in raw form and they are used by manufacturing and construction industries for producing finished products. E.g. mining industry, coal mineral, oil industry, iron ore, extraction of timber and rubber from forests, etc.


4. Manufacturing Industry


Manufacturing industries are engaged in transforming raw material into finished product with the help of machines and manpower. The finished goods can be either consumer goods or producer goods. E.g. textiles, chemicals, sugar industry, paper industry, etc.


5. Construction Industry


Construction industries take up the work of construction of buildings, bridges, roads, dams, canals, etc. This industry is different from all other types of industry because in case of other industries goods can be produced at one place and sold at another place. But goods produced and sold by constructive industry are erected at one place.


6. Service Industry


In modern times service sector plays an important role in the development of the nation and therefore it is named as service industry. The main industries, which fall under this category, include hotel industry, tourism industry, entertainment industry, etc.




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3 Comments :

  1. Anonymous said...

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  2. Anonymous said...

    i'm maya prefect in liberia. i appreciate this definition of all the work of yours, i do hope other students and elders will make use of it also.

  3. Anonymous said...

    I'm a pupil of the John F. Kennedy secondary school in sierra leone, this definations are all really educative, I hope my fellow pupils will make good use of it..

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