define industry and type of industry
Answers
Answer:
define industry
An industry is a group of companies that are related based on their primary business activities. ...
type of industry
There are four types of industry. These are primary, secondary, tertiary and quaternary.
Explanation:
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Definition :
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services.
Types :
Primary- Industries which deal with obtaining or offering raw materials which are processed as commodities for the customers.
Secondary- The secondary sector covers all those activities consisting in varying degrees of processing of raw materials (manufacturing, construction industries).
Tertiary- These industries act as a support system to the primary and secondary industries. It is also known as the service industry or the service sector.
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