Q.5:- What are the various types of industries?
Industry refers to economic activities, which are connected with conversion of resources into useful goods. Industries may be divided into three broad categories namely primary, secondary and tertiary.
(i) Primary Industries: These include all those activities which are connected with the extraction and production of natural resources and reproduction and development of living organisms, plants etc. Agriculture, mining and fishing are some of the examples of these industries.
(ii) Secondary Industries: These industries uses raw material from primary industries to produce
goods for final consumption or for further processing by other industrial units. For example, mining of an iron ore is a primary industry, but manufacturing of steel by way of further processing of raw irons is a secondary industry.
(iii) Tertiary Industries: These industries provide support services to primary and secondary industries as well as activities relating to trade. These industries provide service facilities such as transport, banking, insurance, warehousing, communication, packaging and advertising.