Explain the term ‘Industry’.
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Explanation: Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or the provision of services. An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. ... Industry comes from the Latin industria, which means "diligence, hard work," and the word is still used with that meaning.Industry is the work and processes involved in collecting raw materials, and making them into products in factories. ... A particular industry consists of all the people and activities involved in making a particular product or providing a particular service.
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