TOPIC INFO (UGC NET)
TOPIC INFO – UGC NET (Geography)
SUB-TOPIC INFO – Geography of Economic Activities & Regional Development (UNIT 6)
CONTENT TYPE – Detailed Notes
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Classification of Industries
UGC NET GEOGRAPHY
Geography of Economic Activities & Regional Development (UNIT 6)
Industries are part of the secondary activity. Secondary activities or manufacturing converts raw materials into products of more value to people. The industry refers to economic activities concerned with the production of goods, extraction of services, and provision of services.
Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations, and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.
Industries can be classified into several groups. The following table gives an understanding of them.
