Page 171 - SST Class 08

3. Forest-based Industries : Forest-based groups. Two sub-classifications are quite
industries include the paper industry, match marked. These are propritary concerns or
industry, silk industry, lac industry, sports partnership concerns, where the individuals
goods industry and handicraft. Such as or their groups run the industries for profit
timber and paper mills. and according to market forces. The corpo-
4. Marine-based Industries : Marine-based rate sector industries have a board of
industries use products from the seas and management elected by the shareholders.
oceans as raw materials. Industries process- Various company laws govern these indus-
ing sea food or manufacturing fish oil are tries. The profits are also distributed among
some examples. shareholders and the basis of some policy.
5. Mineral-based Industries : These indus- Generally, such profits are declared in the
tries use minerals as basic raw materials. form of dividends.
Example are iron and steel, chemicals and 3. Cooperative Sector Industries :
industries engaged in processing of fossil Cooperative sector industries are owned
fuels. In this case also, sub-classifications like and managed by a group of people.
metallic, ferrous and non-ferrous industries Generally, the members are the producers
may be used. of raw materials. Examples of such indus-

On the Basis of Ownership tries are handloom, food processing and
On the basis of ownership, industries are dairy products. Amul is an example of
classfied into following four categories : cooperative sector society.
1. Public Sector Industries : Public sector 4. Joint Sector Industries : These are now
industries are those industries which are becoming very common when private
owned by government or their different corporate sector and the government jointly
agencies. Most of the heavy industries such own an industry for better results and
as iron and steel, petroleum and aircrafts are efficiency. For example, the Indian Oil
owned by the government. Some examples Corporation.
of these industries are Bharat Heavy On the Basis of Size
Electricals Limited, Steel Authority of India 1. Large Scale Industries : They employ
Limited and Life Insurance Corporation. large number of labourers and have huge
investments. They can be in any public,
private or cooperative sector. Example are
Tata Iron and Steel Company and Bharat
Heavy Electricals Limited.

2. Private Sector Industries : These are
owned by private individuals or their

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