Whats does industry mean? – InterviewSolution

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1.	Whats does industry mean?
Answer» An industry is a group of companies that are related based on their primary business activities. ... For example, while an automobile MANUFACTURER might have a financing division that contributes 10% to the firm's overall revenues, the company would be classified in the automaker industry by most classification systems.Explanation:Following are the main advantages of industrial development : 1. Increase in Employment :- When the development of industrial SECTOR the employment opportunities can increase and rate of UNEMPLOYMENT can REDUCE. 2. Increase in GNP :- Due to the industrialization the production of the country increases.There are four types of industry. These are primary, secondary, tertiary and quaternary. I hope it helps you dear. follow me

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