Introduction to Industry, INDUSTRY TYPES
ON THE BASIS OF GOODS, INDUSTRY TYPES
ON THE BASIS OF SIZE, INDUSTRY TYPES
ON THE BASIS OF CAPITAL, INDUSTRY TYPES
ON THE OFFICIAL AUTHORITY
3. 3
INDUSTRY
The term ‘Industry’ refers to that part of
business activity, which relates to production,
processing or fabrication of products.
1. The goods are called Consumer goods if they are
directly used by final consumers.
2. The goods are called Capital or Producer goods if
these are used in production of other goods.
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Involve a small capital investment and have a
short duration production cycle.
E.g.: Industries involved in the production of
collapsible tubes, rubber tubes, tin containers etc.
a) LIGHT INDUSTRIES:
b) HEAVY INDUSTRIES:
Need a big capital investment and also involve
a longer production cycle.
E.g.: Iron and Steel industries, automobiles etc.
INDUSTRY TYPES ON THE
BASIS OF SIZE & PRODUCTION
B
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Involve a small capital investment and have a
short duration production cycle.
E.g.: Industries involved in the production of
collapsible tubes, rubber tubes, tin containers etc.
a) LARGE SCALE INDUSTRIES:
b) SMALL SCALE INDUSTRIES:
Need a big capital investment and also involve
a longer production cycle.
E.g.: Iron and Steel industries, automobiles etc.
INDUSTRY TYPES ON THE
BASIS OF CAPITAL INVESTMENT
C
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These industries are classified
according to the type of products produced
by them as given under the, first schedule
to the industries (Development and
Regulation) Act, 1951 by the government.
For example..
INDUSTRY TYPES ON THE
BASIS OF OFFICIAL AUTHORITY
D
a) Drugs and Pharmaceuticals
b) Medical and Surgical Appliances
c) Cosmetic and Toilet Preparations