Question

traditionally, the term 'industry' referred:a)only two economics activities that process raw materials into finished good with the help of machines in factories.b) to all primary, secondary, tertiary activities that earned a profit.c) to the organised production of both good and services.d) to all government owned manufacturing activities​

Answer 1

Traditionally, the term 'industry' referred to the organised production of both good and services.

• An industry is a collection of businesses that produce, manufacture, or handle the same sort of product or service.
• The secondary activity includes industries. Secondary activities, such as manufacturing, transform raw materials into more valuable products for consumers.
• Industry encompasses all economic activity involving the manufacture of commodities, the extraction of services, and the provision of services.