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| Article Name : | | | INDUSTRIAL DEVELOPMENT IN AURANGABAD : A GEOGRAPHICAL ANALYSIS | | Author Name : | | | Madan Suryawanshi , Sunil Suryawanshi | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-3327 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | The term ' Industry' is often used by it self to denote manufacturing. The term manufacturing'1 includes those activities by which man changes the form or nature of raw materials converting them into more useful products. These transforming operation are conducted in factories to which are brought raw materials from various source region and from which go finished products to diverse market regions. An Industry is regarded as homogeneous groups of enterprises of companies homogeneity being measurable in several ways as indicated below. A company business firm, concern or enterprise in an association of persons united for common purposes. 'The procession of raw materials to exchange its value' is another sense in which we use the term Industry. Therefore, on the basis of this meaning (according to the operational process that term Industry uses) industry can be classified into four groups. Industrialization means the growth of manufacturing industry. It is a basic process for achieving rapid development through harnessing a regions natural resources and rendering then into production wealth. It is thus a part of the economic development which involves raising standards of living through a steady increase in the efficiently of factors of production. | | Keywords : | | |
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