People are the center of any organization’s success, without them, the right initiatives cannot be implemented successfully. People are a nation’s greatest resource. It is people with their skills and abilities that turn them into ‘resources’. Hence, human resource is the ultimate resource. A ...

The most important industries are the large-scale, highly developed industries that are able to produce not only for the domestic market but also for trade on the international market. Globalization requires strong exports. The top four industries of the world are Textile Industry, Iron and ...

Industrial regions are central places in industrial districts. They are characterized by the geographical concentration of industries, the high density of firms producing similar products, high levels of circulation of people and goods, sharing labour among firms in the same industry, etc. ...

The industrial system is a term used in economics and industrial engineering. This system consists of inputs, processes and outputs. The inputs are the raw materials, labor and other costs for land, transport, power and other infrastructure. This system is used while studying industrial ...

Factors affecting the location of industries are important to the study of industrial location. These factors are basic elements for the setting up of an industry, which determines the locational choices for this plant. These factors include the availability of raw material, land, water, labour, ...

On the basis of ownership, industries can be classified into the following sectors: (a) Private sector, (b) Public sector or state-owned, (c) Joint sector, (d) Cooperative sector. Private Sector Industries: Private sector includes privately owned business enterprises. Public sector or state ...

Raw Material: Industries under this are agro-based, mineral-based marine-based, and forest-based. The industry is a system of production and distribution of goods and services through the private or public sector. It provides a way of life for hundreds of people, which includes manpower, ...

Secondary activities are those activities that change raw materials into products of more value. They include services that complement primary activities.  For example, manufacturing is a primary activity where it involves converting inputs into outputs of higher value to make goods or provide ...

Wheat: Wheat is a cereal grain that is widely cultivated in many parts of the world. Wheat has been one of the most important staple food among human beings for ages. It has high nutritional value. The major producers of wheat are the USA, Canada, Argentina, Russia, Ukraine, Australia, and India. ...

Subsistence Farming: Subsistence farming is often carried out in areas with marginal soil fertility. The subsistence farmer grows what he needs to eat, but usually not enough to sell or even store for later use. The goal is to sustain the farmer and his family, not to maximize profits. Because of ...

Agriculture or farming is a system in which seeds, fertilizers, machinery and labour are important inputs. Agriculture is also considered one of the longest-running systems known to mankind. People started cultivating land in ancient times because it provided them with food, clothing and shelter. ...

In an economy, there are three types of economic activities: primary, secondary and tertiary. The primary activities include agriculture, forestry and related activities including hunting and fishing. These activities provide a foundation to the economies through the production of food, fuel ...