1.

Explain the types of industries on the basis of products.

Answer»

Types of industries on the basis of products:

1. Consumers goods industries:

Industries that produce goods used directly by the consumers are called consumer goods industries.

Example:
Industries producing ghee, oil, cosmetics such as soaps and shampoo, etc.

2. Intermediate goods industries:

Industries producing semi-finished goods that are not consumed directly by the consumers but are sent to other industries for further processing are called intermediate goods industries.

Example:
Industries producing yarn, steel sheets, machines, etc.


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