Question

6) Give the meaning of industry and state its types.
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Answer 1

Answer:

meaning of industry: production of goods in factories

Explanation:

state it's types:

Answer 2

Answer:

• The industry refers to the production of finished goods from raw materials.

• It denotes the production activities of the business.

• A group of firms which produce the same goods and services are termed as an industry.

• The industry is a business which involves processing, raising, and producing goods.

There are 4 types of industry :

1. primary industry

2. secondary industry

3. tertiary industry

4. quaternary industry