Business Studies, asked by pavanppagadala986698, 8 months ago

what is meant by industry explain various types of industry with example

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Answered by Anonymous
3

Answer:

Explanation:

An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Industry comes from the Latin industria, which means "diligence, hard work," and the word is still used with that meaning.

Various types of industries are:

Primary- Industries which deal with obtaining or offering raw materials which are processed as commodities for the customers. Example: Farming, Fishing.

Secondary- Industries which are essentially manufacturing or assembling industries.  Example: Food manufacturing, Textile manufacturing.

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