Construction Industries: These industries are involved in the construction of buildings, dams, bridges, roads, as well as tunnels, and canals. Concept: Industry.
- 0.1 How many types of industries are there in class 11?
- 0.2 What is analytical industry class 11th?
- 1 What is the peculiar feature of construction industry Class 11?
- 2 What is meant by process industry?
- 3 Is economics tough in Class 11?
- 4 What is an industry answer in one word?
- 5 What is mean by industry in commerce?
- 6 Is Class 11 A commerce?
How many types of industries are there in class 11?
In how many types the industries can be classified on the basis of size? Explain any two. Answer Verified Hint: There are four types. They are significant contributors to the economy. It depends on the amount of capital invested.
Complete Answer: The two types of industries on the basis of size are: Note: The other two types of industries on the basis of size are medium industries and cottage industries.
Industries are classified on different basis such as raw materials, size and ownership. If we talk about the basis of size, then there are four types of industries, i.e. large scale industries, small scale industries, medium industries and cottage industries.
- Industries on the basis of size differ from others due the amount of capital invested, number of individuals employed and the volume of production.1.
- Large scale industries: It is defined as those industries where the requirement of capital investment exceeds from 10 crores or above.
- There are a large number of individuals employed in the industry and have high volume of sales.
For Example, Tata Iron and Steel Company and the commodities manufactured are cotton, jute or textile industries, banking, tourism etc.2. Small scale industries: It is defined as those industries where the requirement of capital investment ranges between 2 to 5 crores.
- There are small number individuals employed in the industries and receive low volume of sales.
- For example, the Lac industry and the commodities manufactured are food supply, coaching class etc.- Medium industries are defined as those industries where the requirement of capital ranges between 5 to 10 crores.
For example, leather industries.- Cottage industries are defined as those industries where the requirement of capital is very nominal and can be run with the help of family members. In case if the industries are situated in villages or any rural area then it is known as urban cottage industries.
What is analytical industry class 11th?
Analytical industry: In this industry type, analysis and separation of basic materials into different products takes place. The processing of crude oil is an example of analytical industry. Synthetic industry: In this industry type, two or more materials are mixed together to create one new product.
What is a business class 11?
Business Definition – Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively. Quick link:
What is the peculiar feature of construction industry Class 11?
what is the peculiar feature of what is the peculiar feature of construction industry Posted by S. K 2 years, 7 months ago A feature of the construction industry is long-lasting output such as the apartment, building, highways. The peculiar feature of the construction industry that it needs other enterprises to sustain them which can contribute to the gross domestic product of the country.
The chief consumer of the construction industry is the public sectors owned by the government for infrastructure development. Construction industries require various places, diverse resources and inputs, and multiple stages of their methods. However, there is discontinuities and contingencies in-demand model.
: what is the peculiar feature of
What are the 4 main industries?
How can industry be classified? There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing. Secondary industry involves manufacturing e.g. making cars and steel.
- Tertiary industries provide a service e.g.
- Teaching and nursing.
- Quaternary industry involves research and development industries e.g. IT.
- Industrial Systems Factories have inputs, processes and outputs.
- Inputs can be the raw materials need to make something.
- Inputs can also be labour, buildings, capital and machinery.
Processes are the things which go on within the factory. This is usually the manufacturing of goods. It can also be design and research – anything needed to make something. Outputs are the things which leave the factory. This can include the finished product, profit or even waste.
- What affects the location of industry? There are many factors which affect the location of industry.
- These include raw materials, labour supply, markets, transport and Government Policy.
- Multinational Companies MNCs or Multinational companies are large companies which are located in more than one country.
Examples include Coca Cola and Nike.
What is extractive industry class 11?
Extractive industry: These industries extract or draw out products from natural sources. Raw materials that are mostly products of the soil are some basic supply of extractive industries. Manufacturing industries transform these products into many other useful goods.
What is meant by process industry?
What are the Process Industries? – The process industries are those industries where the primary production processes are either continuous, or occur on a batch of materials that is indistinguishable. For example, a food processing company making sauce may make the sauce in a continuous, uninterrupted flow from receipt of ingredients through packaging.
Or batches may be produced depending on the cook kettle sizes but immediately combined and re-routed. In either case, there is no concept of a unit of sauce while it is being processed. Examples of the process industries include food, beverages, chemicals, pharmaceuticals, petroleum, ceramics, base metals, coal, plastics, rubber, textiles, tobacco, wood and wood products, paper and paper products, etc.
For more on the role of industrial engineering in process industries, read ” Making Cereal Not Cars,” a primer on process industries. This article was published in the December 2008 issue of Industrial Engineer magazine and is available only to IISE members.
What is an industry class 11 economics?
Define industry. Explain with examples the various types of industries. Industry refers to economic activities, which are connected with conversion of resources into useful goods. Industry is concerned with the production or processing of goods and materials as well as breeding and raising of animals.
The term industry is used for activities in which mechanical applicances and technical skills are involved. The term industry is also used to mean groups of firms producing similar or related goods. Services such as banking and transport are also referred to as industries sometimes. Industries may be divided into three broad categories namely primary, secondary and tertiary.
(i) Primary Industries: These include all those activities, which are connected with the extraction and production of natural resources and reproduction and development of living organisms, plants. These industries may be further subdivided as follows (a) Extractive Industries: These industries extract or draw out products from natural sources.
Extractive industries are suppliers of basic raw materials that are mostly products of the geographical or natural environment products of these industries are usually transformed into useful goods by manufacturing industries. Farming, mining, lumbering, hunting and fishing operations are some important extractive industries.
(b) Genetic Industries: These industries are concerned with the breeding of plants and animals for their use in further reproduction. Seeds and nursery companies, cattle breeding farms, poultry farms, and fish hatchery are examples of genetic industries.
(ii) Secondary Industries: These are concerned with using and processing the materials, which have already been extracted by the primary sector to produce goods for final consumption or for further processing by other industrial units, e.g., the iron ore extracted by mining which is a primary industry, is processed into steel and hence, the steel industry is a secondary industry.
Secondary industries may be further divided as follows (a) Manufacturing Industries: These industries are engaged in producing goods for intermediate or final consumption through processing of raw materials and thus creating form utilities. Manufacturing industries may be further divided into four categories on the basis of method of operation for production.
- Analytical Industry: Which analyses and separates different elements from the same materials, e.g.
- Oil refinery.
- Synthetical Industry: Which combines various ingredients into a new product, e.g., cement industry.
- Processing Industry: Which involves successive stages for manufacturing finished products, e.g., sugar and paper industries.
****Assembling Industry: Which assembles different component parts to make a new product, e.g., car and computer industries. (b) Construction Industries: These industries are involved in the construction of buildings, dams, bridges, roads, tunnels and canals.
Engineering and architectural skills play an important role in construction industries. These industries are important for infrastructure development. (iii) Tertiary Industries: These comprise of support services to primary and secondary industries as well as activities relating to trade. These industries provide service facilities.
These may be considered as a part of commerce because as auxiliaries to trade they assist trade. Transport, banking, insurance, warehousing, communication, packaging and advertising are examples of tertiary industries. : Define industry. Explain with examples the various types of industries.
Is Class 11 Business Studies easy?
Is Class 11 Business Studies difficult? Most of the students find it difficult to study in class 11th due to the new subjects in Commerce stream.
Is accountancy hard in class 11?
For the Accountancy section, you need more and more practice as it involves a lot of calculations. Accountancy of class 11th is quite easy when compared to class 12th.
Is economics tough in Class 11?
The students of commerce and arts who choose to study economics after class 10 th face a big initial challenge in terms of handling the preparation of economics in class 11 th, The nature and syllabus of the subject changes completely from what they had studied in class 9 th and 10 th, Syllabus for Economics class 11 th Economics in class 11 th consists of two parts –
- Introductory Microeconomics
Consumer’s equilibrium and demand
Producer behaviour and supply
Forms of market and price determination under perfect competition with simple applications
Collection, organisation and presentation of data
Statistical tools and interpretation
Both parts A and B will consist of 50:50 weightage in terms of marks in your final examination. You can download the full detailed syllabus for economics class 11 th for session 2022-23 by visiting the following link: CBSE class 11th Economics Syllabus 2022-23 PREPARATION TIPS FOR CLASS 11 TH ECONOMICS
Focus on Understanding the concepts right from the beginning
This is not a subject where you can fetch good marks merely by studying one night before your examination. You need to start grasping the concepts right from the starting. Don’t wait for exams to push yourself for studying.
- Make notes of every chapter you study in microeconomics, along with the graphs.
- If you have any doubt, try to clear it as soon as possible so that the concept becomes crystal clear to you.
- For statistics, make sure you take a note of all the terms that you encounter. You should be able to define terms.
2. Practice Questions
The more questions you practice in this subject, the better you are able to grasp it. Solve as many questions and numericals as you can especially in chapters like consumer’s equilibrium and producer behaviour. For statistics, practicing questions is the key to crack your examinations. You won’t earn anything by merely remembering the formulas and concepts.
- As soon as you finish the chapter, try to solve the questions given at the end of the chapter.
- Try to find more questions on the internet for practice.
- If you find any question difficult to solve, take help from your teacher or friend.
- Practice many questions of similar kind in statistics to reduce the chances of calculation mistake in exam.
3. Use Correct Sources
Many students remain confused regarding what resources to follow for class 11 th economics and they end mugging up all the resources. It is advised that you follow only one book resource each for microeconomics and statistics. Do not jump on multiple resources.
4. Do Frequent Revisions
It is very natural that you may forget a concept after understanding it very profoundly. The concepts in Microeconomics may seem a bit technical to you in first go and thus you may not be able to retain them for a longer period of time.
- It is advised that you keep on revising your concepts frequently from your notes.
- Revision merely takes 1/10 th of the time you had devoted in understanding the concept, if you revise within 24 hours. Say for instance, if you had studied a concept in 2 hours, you will require only 12 minutes to revise it the next day.
If you give due attention and time, Economics in class 11 th will seem to you the most interesting among all your other subjects. All the best! Post Views: 533
How do you describe construction industry?
About the Construction sector – The construction sector is part of the goods-producing industries supersector group. The construction sector comprises establishments primarily engaged in the construction of buildings or engineering projects (e.g., highways and utility systems).
- Establishments primarily engaged in the preparation of sites for new construction and establishments primarily engaged in subdividing land for sale as building sites also are included in this sector.
- Construction work done may include new work, additions, alterations, or maintenance and repairs.
- Activities of these establishments generally are managed at a fixed place of business, but they usually perform construction activities at multiple project sites.
Production responsibilities for establishments in this sector are usually specified in (1) contracts with the owners of construction projects (prime contracts) or (2) contracts with other construction establishments (subcontracts). North American Industry Classification System The construction sector consists of these subsectors:
Construction of Buildings: NAICS 236 Heavy and Civil Engineering Construction: NAICS 237 Specialty Trade Contractors: NAICS 238
What is the description of construction industry?
The Construction industry is focused on the construction, demolition, renovation, maintenance or repair of building and infrastructure. It covers a wide range of services, from planning and surveying to structural construction to finishing services such as painting and decorating.
What is an industry answer in one word?
Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or the provision of services. Was this answer helpful?
What is mean by industry in commerce?
The production side of business activity is referred as industry. It is a business activity, which is related to the raising, producing, processing or manufacturing of products. The products are consumer’s goods as well as producer’s goods. Consumer goods are goods, which are used finally by consumers.
Is Class 11 A commerce?
What are the Commerce stream boards that are available in India? – There are 4 main educational boards in India. The students have the liberty to choose the board that they are comfortable with. The choice can be made according to the degree of difficulty associated with the syllabus. The educational boards’ names are mentioned below:
CBSE – Central Board of Secondary Education ICSE – Indian Certificate of Secondary Education IB – International Baccalaureate State boards
International Baccalaureate is considered the most complex board amidst the above mentioned educational boards. It concentrates on the notion of ‘how to learn’. A great deal of prominence is placed on ‘knowledge application’ and ‘practical aspects’ of studying.
- IB is followed by the ICSE board when it comes to the complexity level.
- Later comes the CBSE board, which is one of the popular boards in India.
- It comes under the purview of the Union Government of India.
- Difficulty level related to this board is average.
- Finally, we come to the State Boards.
- Every state in India holds its own board of education.
It is regulated under the respective State Governments of each state. The medium of instruction (language) in case of schools allied to state boards is the regional language of the respective state and English. On a final note, focus on hard work and persistence.
- It is imperative you go through the previous years’ question papers, discover the important questions, analyse and comprehend the exam pattern, sample papers and more.
- Also Read: To get further details about Commerce, stay tuned to BYJU’S.
- For both Class 11 and 12 Commerce students, the five subjects that are mandatory are – Accountancy, Business Studies, Economics, Mathematics/ Informatics Practices and English.
Apart from these subjects, optional subject are Entrepreneurship and Physical Education. The best books recommended to students to refer for practising Accountancy Class 12 examination are: 1) T.S Grewal 2) D.K Goel 3) Sandeep Garg 4) T.R Jain A few interesting topics for include- Non-Performing Asset and Central Bank’s procedures to recover it, Imperfect competition and Market failure, Theories of the Long run supply curve, Central Bank’s functions with special reference to RBI, and RBI’s policies to curb inflation and appreciate currency value.
A few interesting topics for Business Studies Project Class 12 are- study of courier and postal service, a study of franchise retail store, a case study of any product, comparative study of two wholesalers and a study of a weekly bazaar in your locality, etc. A few optional subjects are Computer Science, IP, Psychology, Mathematics, other foreign languages, Physical Education, Sociology, Fine Arts and Music, etc.
: Commerce for Class 11 & 12 – Subjects, Syllabus, Courses
What industry type is a school?
About the Educational Services sector – The educational services sector is part of the education and health services supersector. The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects.
This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. They may also offer food and/or accommodation services to their students.
Educational services are usually delivered by teachers or instructors that explain, tell, demonstrate, supervise, and direct learning. Instruction is imparted in diverse settings, such as educational institutions, the workplace, or the home, and through diverse means, such as correspondence, television, the Internet, or other electronic and distance-learning methods.
The training provided by these establishments may include the use of simulators and simulation methods. It can be adapted to the particular needs of the students, for example sign language can replace verbal language for teaching students with hearing impairments. All industries in the sector share this commonality of process, namely, labor inputs of instructors with the requisite subject matter expertise and teaching ability.
North American Industry Classification System The educational services sector consists of a single subsector, Educational Services: NAICS 611. Data published under either the sector or subsector classification are included in the tables below. The subsector consists of these industry groups:
Elementary and Secondary Schools: NAICS 6111Junior Colleges: NAICS 6112Colleges, Universities, and Professional Schools: NAICS 6113Business Schools and Computer and Management Training: NAICS 6114Technical and Trade Schools: NAICS 6115Other Schools and Instruction: NAICS 6116Educational Support Services: NAICS 6117