What are industrIes

Industry: An economic activity which is concerned with production of goods, extraction of minerals or provision of services is called an industry.

On the basis of raw materials, industry can be categorized as follows:

• Agro-based Industries: When plants and animal based products are used as raw materials, it is called agro-based industry, e.g. cotton textiles, leather, edible oil, etc.
• Mineral-based Industries: When minerals are the raw materials, it is called mineral-based industry, e.g. iron and steel, petrochemical, etc. The products of mineral-based industry feed other industries.
• Marine-based Industries: When products from seas and oceans are used as raw materials, it is called marine-based industry, e.g. sea food industry.
• Forest-based Industries: When forest produce are the raw materials, it is called forest-based industry, e.g. paper, furniture, pharmaceutical, safety matches, etc.