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Overview of Economic Sectors and Industries

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Overview of Economic Sectors and Industries

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gvadheeshh
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INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM

Sectors of Economy

 Primary Sector (Extraction)

Involves using or extracting natural resources directly from nature,Produces raw


materials for other [Link] important in developing countries.

Examples: Farming, fishing, mining, forestry, animal husbandry.

 Tertiary Sector (Service Sector)

Provides services, not [Link] in transport, distribution, communication, and


support [Link] is on serving people, not producing physical items.

Examples:Hospitals, hotels, education, police, waste disposal, news media, restaurants,


consulting, government services.

 Quaternary Sector (Research & Knowledge)

Deals with research, development, information, and [Link] new ideas,


methods, and technologies to improve industries.

Examples:Scientific research, IT research, product development, data analysis,


biotechnology research

 Secondary Sector (Manufacturing, Industrial)

Converts raw materials from the primary sector into finished [Link] are used
by consumers, other industries, or exported.

Examples: Car manufacturing, chemical industry, electronics, steel production, software


engineering, tobacco industry, aerospace.

What is Industry?

Industry means making goods or providing [Link] is a group of factories or businesses that
produce something.

Factors Affecting Location of Industries


INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM
INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM

A. Geographical Factors

1. Raw materials – industries set up near sources of raw materials.

2. Power supply – electricity/energy must be available.

3. Water – required for cooling, cleaning, and processing.

4. Labour – workers must be available.

5. Transport – good roads, railways, and ports.

6. Market – places to sell finished goods.

7. Site – flat land.

8. Climate – comfortable climate helps industries work better.

B. Non-Geographical Factors

1. Capital – money to start industries.

2. Government policies – tax, rules, incentives.

3. Efficient organisation – skilled managers.

4. Banking and Insurance – financial support and safety.

Industrial System

Inputs – raw materials, labour, power.

Processes – steps taken inside the factory.

Outputs – finished goods + waste.

Industrial Regions

When many industries come together in one place, it becomes an industrial region.

Major Industrial Regions of the World : Great Lakes (North America),Ruhr (Europe),London
Region,Ural–Ukraine (Russia),Sydney Region (Australia)

Industrial Regions of India :Mumbai–Pune,Hugli,Bengaluru–Tamil Nadu,Gujarat,Hastinapur

Visakhapatnam–Guntur,Gurgaon–Delhi–Meerut,Kollam–Thiruvananthapuram

Industrial Disasters
INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM
INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM

A technological accident that happens in an industry or factory.

Examples: gas leak, chemical spill, explosion, radiation leak, fire, building collapse, etc.

Example: Bhopal Gas Tragedy (1984).

Chernobyl Disaster – 26 April 1986

Happened at Chernobyl Nuclear Power Plant, Ukraine.

A test in Reactor No. 4 went out of control → nuclear meltdown.

Steam explosion + fire killed around 50 people immediately.

Thousands more later died from cancer.

Area around the plant became highly radioactive, now a ghost town.

CLASSIFICATION OF INDUSTRIES

1. Based on Raw Material

 Agro-based-Use plant/animal [Link]: cotton textile, dairy, food processing.

 Mineral-based-Use minerals as raw [Link]: iron, steel, cement.

 Marine-based-Use products from sea/[Link]: fish oil.

 Forest-based:Use raw materials from [Link]: paper, furniture, medicines.

2. Based on Size

 Small-scale - Less capital, simple tools, more manual [Link]: pottery, basket
weaving.

 Large-scale:Huge investment, advanced [Link]: cars, heavy machinery.

3. Based on Ownership

 Private Sector- Owned by [Link]: Reliance Industries.

 Public Sector - Owned by [Link]: HAL (Hindustan Aeronautics Limited).

 Joint Sector - Owned by both government + [Link]: Maruti Udyog.

 Co-operative Sector- Owned by producers/[Link]: Amul.

INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM


INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM

DISTRIBUTION OF MAJOR INDUSTRIES

 Iron and Steel

 Textiles

 Information Technology (IT)

 Emerging (Sunrise) Industries ( Biotechnology,Robotics,Renewable energy, etc.)

IRON AND STEEL INDUSTRY

It is a basic, heavy industry that uses iron ore, coal, and limestone to produce steel

Inputs : Iron ore , Coal , Limestone,Labour, capital, water, power

Process : Raw materials → blast furnace → smelting → refining → steel.

Output :Steel, used in machines, vehicles, buildings, tools.

Importance ;

 Called “backbone of modern industry.”

Location of Iron & Steel Industry

 Earlier :Near raw materials and water.

 Later : Near coal fields and transport routes.

 Now : Near ports, on flat land.

Major Countries : India, China, Japan, Russia, Korea, Germany.

Steel Centres in India : Bhilai, Durgapur, Burnpur, Jamshedpur, Rourkela, Bokaro,Visakhapatnam,


Bhadravati, Salem

 TISCO – Jamshedpur

Started in 1907 by Jamshedji [Link] major steel plant in [Link] at Sakchi (now
Jamshedpur).

Why this location?

Near iron ore, coal, manganese,Near railway line,Water from Subarnarekha & Kharkai

INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM


INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM

rivers,Labour and market available.

IRON & STEEL – PITTSBURGH (USA)

 Known as “Iron City”.

 Coal available locally.

 Iron ore brought cheaply from Minnesota mines via Great Lakes.

 Rivers Ohio, Monongahela, Allegheny provide water.

 Good climate, labour, and market.

TEXTILE INDUSTRY

It is India’s oldest and largest labour-intensive industry that produces cotton, woollen, silk, jute,
and synthetic textiles.

 Types of Fibres

Natural – cotton, wool, silk, jute

Man-made – nylon, polyester, rayon

 Important Centres in India

Mumbai, Ahmedabad, Coimbatore, Kanpur, Chennai, Kolkata, Ludhiana, Panipat

 Ahmedabad – “Manchester of India”

Near cotton-growing areas,Ideal humid climate,Cheap labour from Gujarat &


Maharashtra,Good transport,Near Mumbai & Kandla ports.

 Osaka – “Manchester of Japan”

Warm, humid climate,Water from Yodo [Link] port → raw cotton import, textile
export,Skilled labour available.

INFORMATION TECHNOLOGY (IT)

It is a knowledge-based industry that provides software and digital services

 Stores, processes, and shares information through computers, mobiles, TV, internet.

INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM


INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM

 Major IT Hubs : Silicon Valley (USA),Bengaluru (India)

 Bengaluru – “Silicon Plateau”,Mild climate, low living cost.,Skilled engineers.,Good


transport & IT parks.,More than 100 multinational companies.

 Silicon Valley (USA)- Located in California,Best climate, skilled workers, huge


market.,World’s top IT companies located here.

INDUSTRY | SHORT NOTES | ARJUN MOHANAN MM

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