Explain the term industry?And discuss various types of industries?
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Answers
Answer:
Various types of industries are: Primary- Industries which deal with obtaining or offering raw materials which are processed as commodities for the customers. Example: Farming, Fishing. Secondary- Industries which are essentially manufacturing or assembling industries. ... Example: Food manufacturing, Textile manufacturing.
Answer:
Various types of industries are: Primary- Industries which deal with obtaining or offering raw materials which are processed as commodities for the customers. Example: Farming, Fishing. Secondary- Industries which are essentially manufacturing or assembling industries. Example: Food manufacturing, Textile manufacturing.
Explanation:
An industry is a group of companies that are related based on their primary business activities. Individual companies are generally classified into an industry based on their largest sources of revenue.
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