Subject - O C Lesson - L1 Introduction to commerce and business - Part 7 Maharashtra State Board Syllabus

1. Introduction to
Commerce and
Business
By - Nitin D. Shintre

2. Classification of Industry

3. Classification of Industry
A) Primary Industry
 Primary industry is concerned with nature.
 It is a nature-oriented industry.
 The products of primary industry may be
used as the input of secondary industry.
 Primary industries are of three types.

4. Classification of Industry
A) Primary Industry
i. Agriculture Industry:
• This includes farming and cultivation
of land.
• The quality of products depends on
many factors like fertility of land,
climatic conditions, rainfall etc.

5. Classification of Industry
A) Primary Industry
ii. Extractive Industry:
•This industry draws out products
from natural resources.
• i.e. soil, air and water.

6. Classification of Industry
A) Primary Industry
ii. Extractive Industry:
• Generally the products are in raw
form and they are used by
manufacturing and construction
industries for producing finished
products.

7. Classification of Industry
A) Primary Industry
ii. Extractive Industry:
• For e.g. extracting (dig out/pull out)
oil and minerals from underground,
fishing and forestry etc.
• It may be used in crude form and
may be sent to other industries for
further processing.

8. Classification of Industry
A) Primary Industry
iii. Genetic Industry:
• Genetic industries are engaged in
reproduction and multiplication of plants
and animals.
• For e. g. animals’ husbandry, sericulture,
horticulture etc.

9. Classification of Industry
B) Secondary Industry
 The secondary industries depend on
primary industries.
 They convert the raw material provided by
primary industry into finished products.

10. Classification of Industry
B) Secondary Industry
 For e. g. Fresh fruits from
Farms(agriculture industry) are used to
make squash, jams and jellies.
 Tomatoes provided by primary industry
are used for making sauce and ketch up.

11. Classification of Industry
B) Secondary Industry
i. Manufacturing Industry:
•These industries are engaged in
transforming raw material into
finished product with the help of
machine and manpower.

12. Classification of Industry
B) Secondary Industry
i. Manufacturing Industry:
•The final goods may be capital
goods or consumer goods.
•For e. g. textiles, sugar, paper
industry etc.

13. Classification of Industry
B) Secondary Industry
ii. Construction Industry:
•These industries are engaged in the
construction of buildings, dams,
bridges, roads, tunnels, canals,
metro etc.

14. Classification of Industry
B) Secondary Industry
ii. Construction Industry:
• In case of other industries goods can be
produced at one place and sold at another
place but goods made and sold by these
industries are at one place.
• This is only industry which creates immovable
wealth .

15. Classification of Industry
C) Tertiary Industries:
 They provide support services to primary
and secondary industries.
 Service facilities are provided by these
industries.

16. Classification of Industry
C) Tertiary Industries:
 It includes transport, banking which
comes under traditional category whereas
in modern times hotel industry, tourism
industry, entertainment industry etc. are
also included.

17. Hope you all have understood the
Classification of Industry…
In the next lecture you will learn
Classification of Commerce - Trade…

18. Thank you