Question

what is meant by term industry?

Answer 1

Industry is the production of goods or related services within an economy.[1] The major source of revenue of a group or company is the indicator of its relevant industry.[2] When a large group has multiple sources of revenue generation, it is considered to be working in different industries.

Answer 2

The term ‘industry’ implies an economic activity involving goods production, mineral extraction or provision of consumer services.
Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry. When a large group has multiple sources of revenue generation, it is considered to be working in different industries.