Business Studies, asked by samueljames2127, 9 months ago

Define industry.Give the difference between analytical and genetic industries?​

Answers

Answered by AthulKrishnaa
6

Industry:

An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Workers in the textile industry design, fabricate, and sell cloth.

Analytical industry:

  • In analytical industry, the raw material is broken down into several useful materials.
  • These industries are concerned with the processing of raw-materials through different stages of production. Textiles, steel, etc. may be mentioned as examples of processing industry.

Genetic industries:

  • Genetic industries are those industries which are engaged in re-production and multiplication of species of plants and animals with the sole objective of sale.
  • These industries are engaged in activities such as animal breeding, cattle breeding, etc. Dairying is an example of genetic industry.
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