Answer:
Manufacturing is the production of merchandise for use or sale using labor and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activities, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other more complex products, such as aircraft, household appliances or automobiles. Size of industry refers to the amount of capital invested, number of people employed and the volume of production. Based on size, industries can be classified into three types:
(i) Cottage or household industries.
(ii) Small-scale industries.
(iii) Large-scale industries.
Cottage or household industries are a type of small - scale industry where the products are manufactured by hand, by the artisans. Basket weaving, pottery and other handicrafts are examples of cottage industry. Small-scale manufacturing is distinguished from household by its production techniques and place of manufacturing. Small-scale industries use lesser amount of capital and technology as compared to large-scale industries that produce large volume of products. Investment of capital is higher and the technology used is superior in large-scale industries. Silk weaving and food processing industries are small-scale industries. Production of automobiles and heavy machinery are large-scale industries.
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