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Industries

The document defines 'industry' as an economic activity focused on producing goods, extracting minerals, or providing services. It outlines factors influencing industrial location, such as raw material availability, labor supply, and government incentives. Additionally, it distinguishes between agro-based and mineral-based industries, as well as public and joint sector industries, providing examples for each category.

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Prakrati Verma
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18 views1 page

Industries

The document defines 'industry' as an economic activity focused on producing goods, extracting minerals, or providing services. It outlines factors influencing industrial location, such as raw material availability, labor supply, and government incentives. Additionally, it distinguishes between agro-based and mineral-based industries, as well as public and joint sector industries, providing examples for each category.

Uploaded by

Prakrati Verma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

(i) What is meant by the term ‘industry’?

Answer: Industry refers to an economic activity that is concerned with the production of goods
like iron and steel industry, extraction of minerals like coal mining industry and the provision of
services like tourism industry.
(ii) Which are the main factors which influence the location of an industry?
Answer: Setting up an industry leads to the development and growth of that location. The factors
that affect the location of industries are the easy availability of raw material and land, adequate
supply of water and labour, access to power and transport, presence of market and a good
amount of capital. Sometimes, the government also provides incentives like subsidised power,
lower transport cost and other infrastructural facilities. This is done to encourage industries to
be established in economically backward areas.
(iii) Which industry is often referred to as the backbone of the modern industry and why?
Answer: Steel is called the backbone of the modern industry because almost everything we use
is either made of steel or has been made with machinery or tools made out of steel. The steel
industry is basically the feeder industry, whose products are the raw materials for other
industries.
(iv) Why has the cotton textile industry rapidly expanded in Mumbai?
Answer: The warm and moist climate, proximity to the port, easy availability of raw material and
skilled labour helped in the rapid expansion of the cotton textile industry in Mumbai.

Distinguish between the following.


(i) Agro-based and mineral-based industry
Answer: Agro-based industries use plant and animal-based products as their raw materials. It is
a source of employment for people in rural areas. Food processing, vegetable oil, cotton textile,
dairy products and leather industries are examples of agro-based industries.
Whereas, Mineral based industries are primary industries that use mineral ores as their raw
materials. It is a source of employment for both rural and urban populations. Steel and Iron
Industries and Heavy Machinery industries are examples of Mineral based industries.
(ii) Public sector and joint sector industry
Answer: Industries owned and operated by the government are public sector industries. Steel
Authority of India Limited and Hindustan Aeronautics Limited are examples of Public sector
industries.
On the other hand, joint sector industries are owned and operated by the state and individuals or
a group of individuals. Maruti Udyog Limited is an example of joint sector industry.

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