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Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesBusiness, Trade and Commmerce3 Marks
Question
Distinguish between extractive industries and genetic industries by giving examples.
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Answer

Extractive industries: Extractive industries are concerned with drawing out products from natural sources such as soil, sea and air. The products of such industries are generally used for producing finished goods.Following are some of the examples of extractive industries:
  1. Farming.
  2. Mining.
  3. Fishing.
Genetic industries: Genetic industries are concerned with activities like reproduction, breeding and multiplication of animals and plants.Following are the examples of genetic industries:
  1. Agricultural activities for the production of crops.
  2. Animal husbandry.
  3. Dairy farming.
  4. Poultry farming.

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