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Question

What are the basis on which the industries can be classified? Give at least two examples for each.

Answer

The basis on which the industries can be classified are:

  • On the basis of their Size. Example: Small scale, large scale.
  • On the basis of their Nature of finished products. Example: Basic, Consumer.
  • On the basis of Source of raw material. Example: Animal Based, Mineral Based.
  • On the basis of Ownership. Example: Public Sector, Private Sector.