Demo pdf download Link below
BUSINESS ORGANISATION AND MANAGEMENT
Class: B.Com Ist Semester
Session: 2019-2020
Unit I: Foundation of Indian Business
Manufacturing and service sectors:- SECTORS OF INDIAN ECONOMY:-
Indian economy can broadly be divided into the following sectors:- Primary sector
Secondary sector
Tertiary or service sector
Primary sector:- Primary sector or primary industries relate to all those activities which are connected with the
extraction, producing and processing of natural resources.
(ii) Secondary sector :- This sector includes those industries which are related to the process of materials which have
already been produced at the primary stage,
(iii) Tertiary or service sector:- Tertiary or service sector deals with all those activities which smoothen the flow of goods
and services from manufacture to those who use them.
MANUFACTURING SECTOR:- Manufacturing is concerned with the conversion of raw material into finished products.
Manufacturing also refers to a range of human activities, from handicraft to hi-tech ,but is
most commonly applied to industrial production ,in which raw materials are transformed into
finished products. Such finished products may be used for manufacturing other goods, more
complex products ,or sold to wholesalers, who in turn sell them to retailers and then to end
users , ‘the consumers ‘. Manufacturing is the base for the economic development of a
country. The development of many industries is linked to the growth of manufacturing
industry. It creates employment as well as revenue to the government. So, manufacturing
sector is taken as the wealth producing sector of the economy.
Types of Manufacturing Industries:- 1.Analytical Industry
Post a Comment