Industries Flashcards
What is meant by the term industry?
Industry refers to the economic activity that is concerned with the production of goods, extraction of minerals, or provision of services.
Which are the main factors that influence the location of an industry?
The location of industries is affected by the availability of raw materials, land, water, labor, power, capital, transport, and market.
Which industry is often referred to as the backbone of modern industry and why?
The steel industry is referred to as the backbone of modern industry because:
Ships, trains, trucks, and automobiles are largely made of steel.
From safety pins to big ships, all are made of steel.
Oil wells are drilled with steel machinery, and steel pipelines transport oil.
Minerals are mined with steel equipment.
Farm machines and large buildings often have steel framework.
Why did the cotton textile industry rapidly expand in Mumbai?
The cotton textile industry expanded rapidly in Mumbai due to favorable conditions like a warm and moist climate, proximity to a port for importing machinery, easy availability of raw materials, and skilled labor.
What are the similarities between the information technology industry in Bangalore and California?
Both have a clean environment.
Both have a mild climate throughout the year.
Both are close to educational, technological, and scientific centers.
Both are near major roads and airports.
Both have good access to markets.
Both have a skilled workforce.
Both have low rents and a low cost of living.
How can industries be classified?
Industries can be classified based on raw materials, size, and ownership.
How are industries classified on the basis of raw materials?
Agro-based industries: Use plant and animal-based products (e.g., food processing, cotton textiles).
Mineral-based industries: Use mineral ores (e.g., iron and steel).
Marine-based industries: Use products from the sea (e.g., seafood processing).
Forest-based industries: Use forest products (e.g., paper, pharmaceuticals).
How are industries classified on the basis of size?
Small-scale industries: Use lesser capital and technology (e.g., basket weaving, pottery).
Large-scale industries: Use higher capital and superior technology (e.g., silk weaving, food processing).
How are industries classified on the basis of ownership?
Private sector industries: Owned by individuals or groups (e.g., Reliance Industries).
Public sector industries: Owned by the government (e.g., Steel Authority of India Limited).
Joint sector industries: Owned by both the state and individuals (e.g., Maruti Udyog Limited).
Co-operative sector industries: Owned by producers or suppliers of raw materials (e.g., Anand Milk Union Limited).
Differentiate between agro-based industries and mineral-based industries.
Agro-based industries: Use plant and animal products as raw materials (e.g., leather, food processing).
Mineral-based industries: Use mineral ores as raw materials (e.g., iron and steel).
Differentiate between public sector and joint sector industries.
Public sector industries: Owned by the government (e.g., Hindustan Aeronautics Limited).
Joint sector industries: Owned by both the state and individuals (e.g., Maruti Udyog Limited).
What are the factors affecting the location of industries?
The location of industries is affected by the availability of raw materials, land, water, labor, power, capital, transport, and market.
What are secondary activities?
Secondary activities involve manufacturing, where raw materials are changed into products of more value to people.
Example: Pulp is changed into paper, and paper is changed into a notebook.
What are industrial regions? Give a few examples.
When a number of industries are located close to each other and share the benefits of their closeness, they make an industrial region.
Examples in the world: North America, Western and Central Europe, Eastern Asia.
Examples in India: Mumbai-Pune cluster, Bangalore-Tamil Nadu region, Hooghly region, Chhota Nagpur region.
What is an industrial system?
An industrial system consists of inputs, processes and outputs:
Inputs: Raw materials, labour, and cost of land, transport, power, and infrastructure.
Processes: Activities that convert raw materials into finished products.
Outputs: End products and the income earned from them.