“INDUSTRY REFER TO ECONOMIC ACTIVITIES,WHICH ARE CONNECTED WITH

CONVERSION OF RESOURCES INTO USE GOODS.”

IT INCLUDES THOSE PROCESSES BY WHICH GOODS ARE PRODUCED BY THE APPLICATION

OF HUMAN OR MECHANICAL POWER.INDUSTRY INCLUDES ACTIVITIES RELATED TO
PRODUCTION,PROCESSING AND ACTIVITIES RELATED TO REARING AND REPRODUCTION
OF ANIMALS. FOR EXAMPLE,COTTON TEXTILE INDUSTRY REFERS TO ALL
MANUFACTURING UNITS PRODUCING TEXTILE GOODS FROM
COTTON.SIMILARLY,ELECTRONIC INDUSTRY INCLUDE ALL FIRMS PRODUCING
ELECTRONIC GOODS.
GOODS PRODUCED BY INDUSTRY MAY BE CONSUMER’S GOODS OR
PRODUCER’S GOODS.

 CONSUMER’ GOODS:THESE GOODS ARE MEANT FOR DIRECT CONSUMPTION BY

THE COSUMER.FOR EXAMPLE,SHOES,CLOTHES,TV,ETC.
 PRODUCER’S GOODS:THESE GOODS ARE USED IN THE PRODUCTION OF OTHER
GOODS.FOR EXAMPLE,STEEL,MACHINERY,FACTORY BUILDINGS,ETC.
 TYPES OF INDUSTRIES

 INDUSTRIAL ACTIVITIES LEAD TO PRODUCTION OF VARIETY OF GOODS

FOR VARIOUS PURPOSES.THESE ARE DIVIDED INTO THREE BROAD
CATEGORIES:

 PRIMARY INDUSTRY

 SECONDRY INDUSTRY

 TERTIARY INDUSTRY
 PRIMARY INDUSTRIES
PRIMARY INDUSTRY INCLUDES ALL THOSE ACTIVITIES,WHICH ARE CONNECTED WITH
EXTRACTION AND PRODUCTION OF NATURAL RESOURCES,REPRODUCTION AND
DEVELOPMENT OF LIVING ORGANISMS,PLANTS,ETC.

 THESE INDUSTRIES CAN BE FURTHER CLASSIFIED INTO 2 CATEGORIES:

1) EXTRACTIVE INDUSTRIES:IT INCLUDES ALL THOSE INDUSTRIES,WHICH ARE

ENGAGED IN RAISING PRODUCTS FROM NATURAL SOURCES (LIKE SOIL,AIR,WATER
OR FROM BENEATH THE SURFACE OF THE EARTH).FOR EXAMPLE,EXTRACTING
MINERALS FROM EARTH ,FISH FROM RIVERS,ETC.
THEY SUPPLY SOME BASIC RAW MATERIALS THAT ARE USUALLY TRANSFORMED INTO
MANY OTHER USEFUL GOODS BY MANUFACTURING INDUSTRIES.IMPORTANT
EXTRACTIVE INDUSTRIES INCLUDE FARMING,MINING,LUMBERING,HUNTING AND
FISHING OPERATIONS.
2) GENETIC INDUSTRIES:IT INCLUDES ALL THOSE INDUSTRIES ,WHICH ARE
ENGAGED IN BREEDING PLANTS AND ANIMALS FOR THEIR USE IN FURTHER
REPRODUCTION.FOR EXAMPLE,REARING OF CATTLE FOR MILK.IMPORTANT
GENETIC INDUSTRIES INCLUDE POULTRY FARMING,CATTLE FARMING,FISH
HATCHERY,ETC.

EXTRACTIVE INDUSTRIES… GENTIC INDUSTRIES…