Industries Flashcards
What is an industry
The term ‘industry means any productive activity in any sphere of life. It includes the people and all the activities involved in producing a particular thing, or in providing a particular service
Why are industries important
Industries are important -Ã s they provide infrastructural support for the development of a country. They provide us with products which make life easier for us They also provide employment to a lot of people.
Name some asian countries that export products to the western countries
Japan, china, veitnam, south korea, malasia and singapore
____________ has played a major role in the industrialization of the country
The five year plan
We consider countries like USA and china strong (gr)
We consider countries such as the USA and China strong because of the hundreds and thousands of industries they have.
Name 2 countries tht have very few industries
Some countries like Nepal and Bangladesh have very few industries. In practically every country of the world, industries contribute a lot to its national income.
Industries contribute alot to its __________
National income
The _______ the __________ of industries the ___________ the country becomes
Larger number stronger
Industries Ensure There Is No Shortage of Necessary goods (GR)
Apart from fulfilling our daily needs, industries also produce sufficiently so that all the things we need are available to us and at reasonable prices.
The size of an industry depends on the _______ ,____________ and __________
People employeed, capital invested, area it occupies
What is a cottage industry
a cottage industry is generally a household unit run by a family. The craftsmen and their family members carry on the traditional work started by their forefathers generations ago.
What do cottage industries generally produce
Such industries generally
produce all kinds of handicrafts, handloom products, jewellery, pottery, leather products, etc.
Cottage industries are encouraged by governments (gr)
These industries are encouraged by the government as they generate employment and improve living conditions, especially in rural areas.
What is a small scale industry
These are much larger in size than cottage industries but smaller than large-scale industries in terms of the number, of people employed and capital invested.
What do small scale industries produce
These industries use machinery, power and external labour for production. lectronic goods, sports equipment, 4 brassware, bicycles, toys, etc. are produced by small-scale industries)
What is a large scale industry
Large-scale industry involve huge
investments, professional management and a large force of skilled and unskilled labour.
Big power-driven machines are used with considerable automation.
Large scale industries are generally established at places where the raw material is closer
These industries
are generally established at places where raw materials, cheap transportation, sources of power, plenty of labour and market are easily available.
Give 3 examples of large scale industries in india
In India, Tata Steel at Jamshedpur, the locomotive works at Chittaranjan and the oil refinery at Mathura are examples of large-scale industry.
What is a public sector imfu
Public Sector Industry
Industries in the public sector include all the units owned by either central or state governments or their agencies. Governments own most of the heavy industries such as iron and steel, coal, oil, etc.
They are called public sector industry (gr)
They are called public sector industries, as the public or the people of the country can invest in them through shares or bonds
Give examples of public sector industry(dietmoutain dew )
For example, Bharat Heavy Electricals Ltd. and Indian Oil Corporation Ltd. are well-known industries in the public sector in India.