CLassification of industries on the basis of size explain
- Industries can be classified on the basis of raw materials, size and ownership
- On the basis of raw materials industries are classified into agro based, mineral based, marine based and forest based industries
- On the basis of size, industries are classified into small scale and large scale industries
- Classification on the basis of size refers to the amount of capital invested, number of people employed and volume of production
- Cottage or household industries fall under small scale industry while production of automobiles and heavy machinery fall under large scale industries