Final answer:
Manufacturing industries can be classified as part of the secondary sector of the economy, including bulk reducing or bulk gaining industries. These labels depend on whether the finished product is less or more costly to transport than the raw materials. Industries like wood preservation and chemicals manufacturing are key examples of this sector.
Step-by-step explanation:
Classification of Manufacturing Industries
Manufacturing industries are categorically part of the secondary sector of the economy, which is essential for converting raw materials into finished products. These industries can be classified based on various factors such as the nature of the product, production processes, or their relationship to the raw materials used.
Bulk Reducing vs. Bulk Gaining
One way to classify manufacturing is by considering whether an industry is bulk reducing or bulk gaining. Bulk reducing industries, such as iron and steel production or petroleum refining, are typically located close to raw material sources as the final products are lighter or less costly to transport compared to the inputs. Conversely, bulk gaining industries like machinery manufacturing are often situated near markets, as their finished products are heavier or more expensive to ship than their raw materials.
Examples of Manufacturing Categories
Examples of diverse manufacturing categories include wood preservation, organic chemicals manufacturing, pesticides manufacturing, petroleum refining, veterinary pharmaceuticals manufacturing, inorganic pigment manufacturing, and explosives manufacturing. Each of these sectors contributes significantly to the economy by adding value and providing employment opportunities.