what is an industry
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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 the insurance industry.
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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 financial division that contributes 10% to the firms overall revenue,the company would be classified in the automaker industry by most classification systems.
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