Classify industries on the basis of source of raw material. How are they different from each other?

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#1

Classify industries on the basis of source of raw material. How are they different from each other?

Answer:
On the basis of sources of raw material industries are classified as:

  • Agro based: Agro based industries draw their raw materials from agricultural products.
    For example, Textiles, Sugar, Coffee, Tea and Edible Oil, etc.
  • Mineral based: Mineral based draw their raw material from minerals.
    For example, Iron and Steel industries, cement, machine holes, petrochemicals, etc.