The document classifies electric drives into three categories: group drive, individual drive, and multi-motor drive. A group drive uses a single motor to power multiple machines connected to a common shaft, making it the most economical but least flexible option. An individual drive uses a separate motor for each machine, allowing each to be controlled independently but resulting in power losses. A multi-motor drive assigns a dedicated motor to power each component of a machine, providing flexibility to run parts independently at the cost of higher initial expenses.