Question

*what is meant by industry.? explain various types of industries with suitable examples. (10 marks question)
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Answer 1

Answer:

Industry refers to economic activities, which are connected with the conversion of resources into useful goods. The industry is used for activities in which mechanical appliances and technical skills are involved. These include activities relating to producing or processing of goods, as well as, breeding of animals.

Answer 2

An industry is a group of companies that are related based on their primary business activities. ... Individual companies are generally classified into an industry based on their largest sources of revenue.

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