Question

Define Industry and needs for industries.​

Answer 1

Answer:

An industry is a group of companies that are related based on their primary business activities. ... Industry classification are typically grouped into larger categories called sectors. Individual companies are generally classified into an industry based on their largest sources of revenue.

Answer 2

Answer:

An industry is a branch of an economy that produces a closely related set of raw materials, goods, or services.

Explanation: The need of industry is:-

If agriculture is the backbone of the economy, industry is the energy. The rapid development of capital goods industries promote the growth of agriculture, transport and communication. It also enables the country to produce a variety of consumer goods in large quantities and at low costs.

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