write a note on it industry
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The production side of business activity is referred as industry. It is a business activity, which is related to the raising, producing, processing or manufacturing of products. The products are consumer's goods as well as producer's goods. Also, expansion of trade and commerce depends on industrial growth.
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.
Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution
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