State the classification of manufacturing industry
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Posted by Rihunshisha Nongsiej Nongsiej 5 years, 1 month ago
- 2 answers
Meghna Thapar 5 years, 1 month ago
Industries are divided into two types, on the basis of the raw materials used. Agro Based Industries: Cotton, wool, jute, silk textile, rubber, sugar, tea, coffee, etc. Mineral Based Industries: Iron and steel, cement, aluminum, petrochemicals, etc. Industry classification or industry taxonomy is a type of economic taxonomy that organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.
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Bahrit Nongsiej 5 years, 1 month ago
1Thank You