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Explain types of industries with examples.

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Explain types of industries with examples.

Posted by Raj Singh 4 years, 5 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 4 years, 5 months ago

Various types of industries are:

Primary- Industries which deal with obtaining or offering raw materials which are processed as commodities for the customers. Example: Farming, Fishing
Secondary- Industries which are essentially manufacturing or assembling industries. It receives raw materials from primary industries and processes them to commodities for the customers. Example: Food manufacturing, Textile manufacturing
Tertiary- These industries act as a support system to the primary and secondary industries. It is also known as the service industry or the service sector. Example: Banking, Transport.

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