Question

distinguish between industry and service sector​

Answer 1

Answer:

The cluster of firms that are involved in the processing or production of the same or similar kind of services or products is called an industry. Whereas the segment of an economy, into which various or different business segments that can be classified, is known as a sector.

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Answer 2

In industry

The production of goods in factory

It is based on primary business

It is basically owned by individual

In service sector

It is based on services like attention, experience etc.

It is both primary and secondary sector

it is owned by more than one individual

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