Question

give one difference between industrial and service sector

Answer 1

Although the terms are commonly used interchangeably, they do, in fact, have slightly different meanings. This difference pertains to their scope; a sector refers to a large segment of the economy, while the term industry describes a much more specific group of companies or businesses.

Answer 2

Answer:

Industry refers to a much more specific group of companies or businesses, while the term sector describes a large segment of the economy. The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type.

Explanation:

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