1. Answer the following questions.
(i) What is meant by the term 'industry?
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Industry, group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are generally classified as primary, secondary, tertiary, and quaternary; secondary industries are further classified as heavy and light.
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An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Workers in the textile industry design, fabricate, and sell cloth. Industry comes from the Latin industria, which means "diligence, hard work," and the word is still used with that meaning. ...
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