INDUSTRY
CONTENT
- Meaning of industry
- Classification of Industries
- Factors Affecting the Location of Industries
- Problems of Industrial Location
Meaning of Industry
It is a general business activity that is concerned with the processing of raw materials and manufacturing of goods into semi – finished or finished products.
Classification of Industries
Industries are of 3 different types namely (i) Primary (ii) Secondary (iii) Tertiary industries.
1. Primary Industries
They are those industries involved in the extraction (removing) of raw materials provided by nature, e.g. mining, fishing, lumbering, farming and livestock production.
2. Secondary Industries
They turn raw materials into consumable or finished goods, e.g. construction, building textile, ship building, iron and steel and chemical industries.
3. Tertiary Industries
They are concerned with rending services. Examples include direct services like trading, banking, teaching, medical and transportation. It can be indirect services like the police, soldiers, custom etc.
Industries can also be classified into local craft or cottage industries and manufacturing industries.
4.
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