write a short note on industial system..?
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Controlling production enables a company operating in the industrial system to create a barrier to entry for competitors providing competitive advantage. The adoption of advanced manufacturing developments in production means that further investment in UK manufacturing is no longer a provider of mass employment.
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An industrial system consists of inputs, processes and outputs. The input are the raw materials, labour and cost of land transport, power and other in infrastructure. The process include a wide range of activities that convert the raw materials into finished products.
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