Social Sciences, asked by sarahsatyakrupa, 1 year ago

difference between factories and industry


vashista: hai

Answers

Answered by aravindchinna
8
In many cases, the terms factory and industry are used interchangeably, but the meaning of these words are not the same. In fact, industry refers to the production of economic goods. These goods can be materials, products or services. A factory, on the other hand, is the actual location where the materials or products are produced or created. Industry has a much bigger scope than just factories. Many developed countries and many developing or semi-developed countries depend significantly on industry. Each country’s economy is based on industries. There are four main sectors in industry – primary, secondary, tertiary and quaternary.

sarahsatyakrupa: hey both the answer helped me a lot
Answered by vashista
8
factories is the place where the production starts from raw materials to finished goods there are of large scale

industries are the places where the gods are processed
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