What is industry short paragraph?
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What is industry short paragraph?
An industry is a group of companies that are related based on their primary business activities. In modern economies, there are dozens of industry classifications. Industry classifications are typically grouped into larger categories called sectors.
What is industry with an example?
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Workers in the textile industry design, fabricate, and sell cloth. The tourist industry includes all the commercial aspects of tourism.
How do you define your industry?
One way to define your industry is to use the North American Industry Classification System (NAICS). NAICS (pronounced “nakes”, rhymes with “snakes”) codes are used by government agencies (for example,when collecting Economic Census data) and by business databases to classify companies by their lines of business.
What is industry simple English?
1a : manufacturing activity as a whole the nation’s industry. b : a distinct group of productive or profit-making enterprises the banking industry. c : a department or branch of a craft, art, business, or manufacture especially : one that employs a large personnel and capital especially in manufacturing.
What is an industry for Grade 5?
An industry is a group of businesses that make or sell similar products or perform similar services. Farms are part of the agricultural industry. Factories are part of manufacturing industries.
What is a good sentence for industry?
He favors policies that promote industry. She invested in several large industries. She became so popular that a whole industry grew up around her and her image.
Is school an industry?
The education industry comprises all types of schools and education services pertaining to the provision of training and instruction on a wide range of subjects.
How do you use industry in a sentence?
IT is very much a male-dominated industry.
- Industry is the parent of success.
- Industry is facing a serious labour shortage.
- Research associations are often linked to a particular industry.
- He doesn’t invest in the arms industry on principle.
- She was prominent in the fashion industry.
What is an industry explain its kind in brief?
Industry, a group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.
What is industry Wikipedia?
Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery. The wider industrial sector of an economy, including manufacturing and production of other intermediate or final goods. The general characteristics and production methods common to an industrial society.
What is the role of industry in society?
The industry is a fundamental activity in the economy of any country, and it’s responsible for the processing and the transformation of natural products (raw materials) into other finished and semi-finished products.
What are industries answer?
Answer: Industry refers to an economic activity that is concerned with the production of goods like iron and steel industry, extraction of minerals like coal mining industry and the provision of services like tourism industry.
What are industries Class 9?
Complete Answer:Any economic activity that is concerned with the production of goods, extraction of minerals or the provision of services can be classified as an industry.
What is meant by industry Class 8?
Answer: The industry refers to economic activity that is concerned with the production of goods, extraction of minerals, or the provision of services.
