Secondary Activities Test - 1

Agro-based industries involve the processing of raw materials like fruits, spices, and oils fats into finished products such as beverages and textiles. 

The world's major industrial regions are classified into traditional large-scale industrial regions and high-technology large scale industrial regions based on the system of large scale manufacturing.

Household industries or cottage manufacturing typically produce everyday goods such as foodstuffs, fabrics, mats, containers, tools, furniture, shoes, and figurines, among others.

The industry whose products are used to make other goods by using them as raw materials are basic industries.

Iron/steel ⇒ machines for textile industry ⇒ clothes for use by consumers.

As these industries are basic/key they are mainly Public-cum-Private in nature.

A characteristic feature of agri-business is large-scale, mechanized operations, which are sometimes described as "agro-factories". 

In the context of manufacturing, the term "industry" is used to denote geographically located manufacturing units with management systems. 

Private Sector industries are typically owned by individual investors.

The primary objective of agri-business is to conduct large-scale farming using industrial methods.

Sugar production is an example of an agro-based industry.

Industries based on agricultural raw material are known as agro – based industries such as sugar industries based on sugarcane and cotton textile industry etc. The best known agro industries include cotton industry which manufacture cotton related products like jackets, clothes.

In a Capitalist economy, the factors of production are individually owned and can be used in a manner which the owner thinks fit. But sometimes government can put some restrictions on public welfare. While in a Socialist economy, collective ownership exists and in a mixed economy, the factors of production are owned by both individuals and governments.