Page 293 - 9 teachers social book 9 @ 2077 ctp_Neat

Lesson Industry
8.3

FACTS The Industrial Revolution effectively created a
to Understand new economic system known as “Capitalism”.

Industry refers to any business activity that is connected with production, manufacture
and construction of goods and services. The industrial development in Nepal is very
poor. It is considered as the backbone of nation’s economy, but due to the poor economy,
difficult land topography and many other problems related to the industries, it is not
well developed in Nepal. Industry contributes only to 10% GDP whereas it is up to
85% in developed countries.
Based on their services and productions, industries can be categorised into three
types:

1. Primary industries producing raw materials. For example, agriculture, forestry,
mining, etc.
2. Secondary industries producing goods using raw materials or products; for
example, house building, car factories, furnitures, hydropower generation, etc.
3. Tertiary industries producing or providing services not goods; for example,
tourism, hotels, banks, insurance companies, schools, hospitals, cinemas, etc.
are giving services to the people.

The basic requirements are needed to complete the task is called prerequisites. The
prerequisites of industry are raw materials, capital (money), energy, human resources
(all three kinds of human resources but skilled human resources have high demand),
political stability, markets, transportation and communication, etc.

In Nepal, on the basis of the investment capital (Industrial policy - 2067) industries
are divided into following categories. The are as follows:
1. Small Scale Industry

The industries which capital investment upto 5 crores are categorised into small
scale industries.
2. Medium Scale Industry

The industries which have capital investment is between from 5 crores to
15 crore rupees are categorized into medium scale industries.
3. Large Scale Industry

The industry which have the capital investment is more than 15 crore rupees is
categorized into large scale industries.

293 Dynamic Social Studies - Book IX