What is the Industrial Business
Industry
is that branch of business which is concerned with the production of
goods and services by using the processes of extraction, conversion,
processing, or fabrication of products.
Type of Industry according to the work and policy:
- Primary Industry
- Manufacturing Industry
- Service Industry
- Contraction Industry
Primary Industry
Primary
industries are those which are concerned with extraction of natural
resources and reproduction of living organisms, plants etc. The role of
Nature is most important in primary industries.
The production of these
industries includes all kinds of work concerned with the extraction of the
fruits of the earth or sea, that is, the extractive occupations.
In this group,
therefore, we find all types of farming or associated occupations — the many branches
of agriculture, the rearing of animals; all types of mining and quarrying;
forestry; fishing, etc. Primary industries, thus, employ the process of
‘extraction’ for production.
Primary industries may be: (i)
wasting & (ii) non- wasting.
When minerals are taken from the
ground they are gone forever and cannot be replaced. This is not the case with
vegetable and animal resources, and solar power, which if properly exploited,
can produce indefinitely. Such primary industries are called non-wasting or replenish-able industries.
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| Primary Industries |
Basically, manufacturing says something made by
hand. This main meaning has changed and now it mostly details using mechanical
devices to create products useful. Manufacturing usually is based on factories,
plants, mills or other places designed for this purpose and involve division of
work into specialized jobs performed in sequence by skilled groups of personnel
and workers.
All the works done of Manufacturing in an organization
using land, labour and capital to make products from Primary Industries goods.
Kinds of Manufacturing Industries:
Manufacturing industries are often classified on
the various basis as following:-
i.
Size of the investment heavy and light industries),
ii.
Scale of operations (small, medium, and large-scale
industries),
iii.
Type of product manufactured (textile, steel, oil,
sugar industries),
iv.
Nature of operations (assembly line or otherwise), etc.
Although these classification systems are correct
and widely used. These do not convey the common characteristics of the basic
processes involved in manufacturing.
In all the manufacturing industries, one or a
combination of the following dominant processes is used:
Analytic, Synthetic, Conditioning or Assembly.
Analytic, Synthetic, Conditioning or Assembly.
