Explain with examples the various types of industries

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asked Apr 10, 2018 in Class XI Business Studies by priya12 (-12,654 points)
Explain with examples the various types of industries

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answered Apr 10, 2018 by aditya23 (-2,193 points)

Industries may be divided into three broad categories, namely primary, secondary and tertiary.

  1. Primary industries : These include all those activities which are concerned with the extraction and production of natural resources. These industries may be further divided as follows :

(i) Extractive industries : These industries extract to draw out products from natural resources.

(ii) Genetic industries : These industries remain

engaged in breeding plants and animals for their use in further production

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