cost of finished goods
always more than cost of raw materials
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| Term | Definition |
|---|---|
cost of finished goods | always more than cost of raw materials |
need of industries | provide mass employment, surplus goods are exported and this strengthens foreign exchange, and industries also manufacture products for all sectors. |
large scale industries | large-scale capital investment, lots of raw material, vast labour force, mass production of goods. |
small- scale industries | lesser capital investment, labour is cheap and easily available, minimum scale of production |
cottage- scale industries | 0set up in the house of the manufacturer, ex. shawl making, handicrafts, scroll painting etc. promotes rural employment. |
agro- based industries | raw materials are plant or agriculture based materials.
EX: sugar mills, cotton textile |
mineral based | raw materials are mineral based.
EX: iron and steel, aluminium, steel |
factors for industries to be built | availability of raw materials, labour force, capital investment, government policies, availability of water and power, and distance from market. |
basic industry | Iron and steel is considered a basic industry as they supply raw material in the form of machines.
primary minerals used: iron ore, limestone, coal |
places in india with iron and steel industry | Jamshedpur, Visakhapatnam, rourkela, Bokaro, bhilai, Salem |
items manufactured in ship industry | naval ships, cruise ships, ocean liners, tankers |
largest shipbuilding industries in the world | china, south korea, japan |
shipbuilding industries in india | visakhapatnam, kochi, mumbai, kolkata |
first motor company | Detroit(USA), which cam to be known as motor city or Motown. |
leading producers of automobiles | japan, china, USA, germany |
leading automobile brands | hyundai, toyota, nissan, ford, general motors |
automobile producers in india | mumbai ,pune, chennai, delhi |