Difference between industry and manufacturing
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Industry is a group concept while manufacturing is an unit. Manufacturing may be from handicrafts to high tech. It involves converting raw materials to finished products.
Industrial activity can be classified into primary (extraction), secondary (manufacturing), tertiary (services), quarternary (knowledge) and quinary (culture and research).
After industrial revolution in 19th century Europe, manufacturing activity increased following invention of steam engine. In many developing countries of the world namely China, India manufacturing contribute a large part of national income. In 20th century electricity came into existence. Automobiles and aeroplanes became manufacturing hubs.
Services like teaching, medical practice, govt service are part of tertiary sector of industrial activity. IT and computers are important segments of knowledge industry which contribute greatly to GDP.
Thus manufacturing process is a species of a large genus called industry.
Industrial activity can be classified into primary (extraction), secondary (manufacturing), tertiary (services), quarternary (knowledge) and quinary (culture and research).
After industrial revolution in 19th century Europe, manufacturing activity increased following invention of steam engine. In many developing countries of the world namely China, India manufacturing contribute a large part of national income. In 20th century electricity came into existence. Automobiles and aeroplanes became manufacturing hubs.
Services like teaching, medical practice, govt service are part of tertiary sector of industrial activity. IT and computers are important segments of knowledge industry which contribute greatly to GDP.
Thus manufacturing process is a species of a large genus called industry.
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