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The four different ways of classifying the industries are as follows:

1.Basis of Finished Goods

a. Basic Industries

b. Consumer Industries

2.Basis of the number of labourers employed

a. Large Scale Industry

b. Medium Scale Industry

c. Small Scale Industry

d. Village Industry

e. Cottage Industry

3.Basis of Raw Material

a. Agro-based Industry

b. Mineral Based Industry

4.Basis of ownership

a. Public Sector

b. Private Sector

c. Joint Sector

d. Co-operative Sector

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