Question

what do you mean by industries ? define classification of industry​

Answer 1

Answer:

An industry is a group of companies that are related based on their primary business activities. Industry classification are typically grouped into larger categories called sectors. Individual companies are generally classified into an industry based on their largest sources of revenue.

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Answer 2

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An industry is a group of companies that are related based on their primary business activities. In modern economies, there are dozens of industry classifications. Industry classification are typically grouped into larger categories called sectors.

.Industry classification or industry taxonomy is a type of economic taxonomy that organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.