Final answer:
Industries can be classified into small-scale, medium-scale, and large-scale based on capital investment. Small-scale industries require less capital investment and operate on a smaller scale, while large-scale industries require more capital investment and operate on a larger scale.
Step-by-step explanation:
Industries can be classified on the basis of capital investment into three main categories: small-scale industries, medium-scale industries, and large-scale industries.
- Small-scale industries: These industries require a relatively small amount of capital investment. They are usually owned and operated by individuals or a small group of people. Examples of small-scale industries include local grocery stores, restaurants, and handcrafted product businesses.
- Medium-scale industries: These industries require a moderate amount of capital investment. They are typically owned and operated by medium-sized companies. Examples of medium-scale industries include textile mills, automobile component manufacturing, and food processing plants.
- Large-scale industries: These industries require a significant amount of capital investment. They are usually owned and operated by large corporations. Examples of large-scale industries include oil refineries, steel mills, and automobile manufacturing plants.
The main difference between these industries lies in the amount of capital investment required and the scale of operations. Small-scale industries have lower capital investment and operate on a smaller scale, while large-scale industries have higher capital investment and operate on a larger scale.