Industry is the process of producing something with a view to earning profit. It is ordinarily viewed as the work of creating form utility. Industry can be classified into two main headings:
Primary industry
Secondary industry
1. Primary Industry: Primary industry can be classified into two groups:
a) Extractive industry: Its engaged in the extraction of the wealth from the land, sea, and air or from beneath the surface of the earth. Example mining, fruit gardening, farming, fishing, hunting, and so on.
b) Genetic industry: Its is engaged in the reproduction, breeding, multiplication of certain species of plants and animals. Example- nurseries, hatcheries, poultry firms, etc.
2. Secondary Industry: Secondary industries are the followings:
a. Manufacturing Industry: Industries which produce goods through the creation of form utility / utilities are called manufacturing industries. They are engaged in the conversion, or transformation of raw materials into finished goods, Examples- Flour mills, Cotton mills, steel mills, Bakery, Bricks etc.
b. Construction Industry : These industries include construction activities. Conversion, or transformation of raw materials into finished goods. Example-Flour mills, Cotton mills, Steel mills, Bakery, Bricks etc.
c. Processing Industry : Industries, which are engaged in the processing of certain raw materials to make them fit for final consumption. Example- Dairy, Backery etc.
d. Service Industry : Industries, which are engaged in rendering service only. Example- Insurance, Bank etc.
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