Question

Define Industry and classify it.

Answer 1

Answer:

Meaning ↓ The production side of business activity is referred as industry. It is a business activity, which is related to the raising, producing, processing or manufacturing of products. ... Producer's goods are the goods used by manufacturers for producing some other goods. E.g. Machinery, tools, equipments, etc.

Answer 2

Economic activity that is concerned for the processing of raw materials and manufacturing of goods. The classification of industries are:
AGRICULTURE INDUSTRIES
MANUFACTURING INDUSTRY
CONSTRUCTION INDUSTRY
COMMUNICATION AND TRANSPORTATION INDUSTRY
COMMERCE AND SERVICE INDUSTRIES
and OTHERS.

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