Quick Answer: What Is An Industry Very Short Answer?

What do you mean by industry class 10?

Industry is a place where products are produced by the agricultural products or by raw materials.

For example- Cotton is produced by cotton plant, so, it is agricultural product.

it is found as raw material.

then raw cotton goes to cotton textile mills and cotton clothes are made by raw cotton..

How do you classify industries?

Sectors and industries Economic activities can be classified in a variety of ways. At the top level, they are often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services).

What is meant by short answer?

Updated March 20, 2020. In spoken English and informal writing, a short answer is a response made up of a subject and an auxiliary verb or modal. Short answers are brief but complete—they can answer “yes or no” questions or more complicated queries.

What are the 4 types of industries?

There are four types of industry. These are primary, secondary, tertiary and quaternary.

What is term industry?

An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. … Industry comes from the Latin industria, which means “diligence, hard work,” and the word is still used with that meaning.

What is the definition of raw material?

Raw materials are materials or substances used in the primary production or manufacturing of goods. Raw materials are commodities that are bought and sold on commodities exchanges worldwide.

What are examples of industry?

Industry ExamplesAerospace & Defense.Automotive & Transportation.Heavy Equipment.Industrial Manufacturing.Consumer Products.Energy.Life Sciences.Other.

How short is a short answer?

Short Answer: Typically, very short–no more than 3 to 4 sentences. The more concise the better. Short Essay: Answer may vary in length, but ranges from 200-800 words or more.

What is meant by term industry Ncert?

Define industry. Answer: The industry refers to economic activity that is concerned with the production of goods, extraction of minerals, or the provision of services. … Industries are classified according to the raw material used, size, and ownership.

What is a sentence short answer?

A sentence is a group of words that are put together to mean something. A sentence is the basic unit of language which expresses a complete thought. … A complete sentence has at least a subject and a main verb to state (declare) a complete thought. Short example: She walks.

What are the 3 types of industries?

In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.

What is industry in geography?

: a branch of geography that deals with the location of industries, the geographic factors that influence their location and development, the raw materials used in them, and the distribution of their finished products.

What is collateral class 10th?

Collateral (Security) is an asset that the borrower owns (such as land, building, vehicle, livestocks, deposits with banks) and uses this as a guarantee to a lender until the loan is repaid. If the borrower fails to repay the loan, the lender has the right to sell the asset or collateral to obtain payment.

What are the 5 types of industries?

Industry sectorsPrimary sector of the economy (the raw materials industry)Secondary sector of the economy (manufacturing and construction)Tertiary sector of the economy (the “service industry”)Quaternary sector of the economy (information services)Quinary sector of the economy (human services)

Which industry is often called backbone of modern?

steel industryAnswer: Steel is called the backbone of the modern industry because almost everything we use is either made of steel or has been made with machinery or tool made out of steel. The steel industry is basically the feeder industry, whose products are the raw materials for other industries.