Manufacturing Industries
We use various items to satisfy our needs. Agricultural products like wheat, rice, etc. are to be processed into flour, husked rice before we consume these. But besides bread and rice, we also require clothes, books, fans, cars, medicines, etc. and these are manufactured in various industries. In modern times industries have become very important part of an economy. They provide employment to large labour force and contribute significantly in the total national wealth/income.
Types of Industries
Industries are classified in a number of ways. On the basis of size, capital investment and labour force employed, industries are classified as large, medium, small scale, and cottage industries. On the basis of ownership, industries are categorised as:
(i) public sector, (ii) private sector, and (iii) joint and cooperative sector, Public sector enterprises are government/state controlled companies or corporations funded
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