Manufacturing Industry

Generally the term 'industry' refers to the manufacturing industry. This industry is mainly concerned with the production of different types of goods by using raw materials or semi-finished goods. It creates form utility in them. Manufacturing industries produces most of the goods that are used by the consumers. Textile, cement, soap, television, petrol, etc. are examples of manufacturing industries. It may be classified as follows:
(a) Analytical Industry: In this industry many types of products are manufactured by analyzing and separating different elements from the same material. For example crude oil is processed and separated into petrol, diesel, kerosene, lubricating oil, etc.
(b) Processing Industry: In this industry raw material is processed through different stages of production resulting in the final product. Textiles, paper and sugar are examples of this type.
(c) Synthetic Industry: In this industry various raw materials are put together in manufacturing process to make a final product. For example combining and mixing concrete, gypsum, coal, etc produces cement.
(d) Assembling Industry: In this industry various instruments or component parts already manufactured are assembled to make new useful product. For example, car, bicycle, radio, television, etc.