Q.1.A)
a) Define industry.
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Answer:
In macroeconomics, an industry is a branch of an economy that produces a closely-related set of raw materials, goods, or services. For example, one might refer to the wood industry or to the insurance industry
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Answer:
An industry is a group of companies that are related based on their primary business activities.For example, while an automobile manufacturer might have a financing division that contributes 10% to the firm's overall revenues, the company would be classified in the automaker industry by most classification systems.
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