2007-03-27 00:53:05 · 6 answers · asked by debabrata m 2 in Business & Finance ➔ Corporations
An Industry represents all the entities that are engaged in the activity of manufacture or production of goods and machineries for the purpose of making profit. It includes units engnged in manufacturing, production, mining, etc.
2007-03-27 02:52:16 · answer #1 · answered by surez 3 · 0⤊ 0⤋
An industry is generally any grouping of businesses that share a common method of generating profits, such as the "movie industry", the "automobile industry", or the "cattle industry". It is also used specifically to refer to an area of economic production focused on manufacturing which involves large amounts of upfront capital investment before any profit can be realized, also called "heavy industry."
2007-03-27 07:57:03 · answer #2 · answered by Don 3 · 0⤊ 0⤋
A group of manufacturers / factories can be industry.
Rubber industry, tea industry, sugar industry, film industry etc.
2007-03-27 08:27:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Group of Companies, are called 'Industry'. For example group of steel companies are Steel Industry. Group of Petroleum companies are Oil Industry. Group cement companies are Cement Industry.
2007-03-27 08:36:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
an industry is a place where all raw materials available on earth are manufactured so that they become more useful.
2007-03-27 07:56:30 · answer #5 · answered by sowmi 3 · 0⤊ 0⤋
its a machine with lots of smoke.
2007-03-27 08:18:00 · answer #6 · answered by toploser 5 · 0⤊ 0⤋