Question
How are the industries classified?
Solution
Industries are classified on the following basis:
(i) On the basis of size: Cottage, small scale and large scale.
(ii) On the basis of size of operation: Heavy and light industries.
(iii) On the basis of output: Basic industries and consumer goods industries.
(iv) On the basis of input: Agro-based mineral-based industries.
(v) On the basis of ownership: Public, private and joint sector industries.
