Define 'Industry.................
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The definition of an industry is any large-scale business activity or a type of productive manufacture or trade. An example of industry is the coal mining business.
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In macroeconomics,
➡️Aɴ ɪɴᴅᴜsᴛʀʏ ɪs ᴀ ʙʀᴀɴᴄʜ ᴏғ ᴀɴ ᴇᴄᴏɴᴏᴍʏ ᴛʜᴀᴛ ᴘʀᴏᴅᴜᴄᴇs ᴀ ᴄʟᴏsᴇʟʏ ʀᴇʟᴀᴛᴇᴅ sᴇᴛ ᴏғ ʀᴀᴡ ᴍᴀᴛᴇʀɪᴀʟs, ɢᴏᴏᴅs, ᴏʀ sᴇʀᴠɪᴄᴇs.
➡️Fᴏʀ ᴇxᴀᴍᴘʟᴇ, ᴏɴᴇ ᴍɪɢʜᴛ ʀᴇғᴇʀ ᴛᴏ ᴛʜᴇ ᴡᴏᴏᴅ ɪɴᴅᴜsᴛʀʏ ᴏʀ ᴛʜᴇ ɪɴsᴜʀᴀɴᴄᴇ ɪɴᴅᴜsᴛʀʏ.
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