Industry

Industry refers to the economic sector that engages in the production of goods and services for consumption. It encompasses a wide range of activities, including manufacturing, construction, mining, and agriculture. Industries are often categorized based on the nature of their outputs, such as primary industry (extraction of raw materials), secondary industry (manufacturing and processing), and tertiary industry (services). The functioning of industries is essential for economic growth and development, as they provide employment, generate income, and contribute to the overall productivity of a country. Industries can also be influenced by factors such as technology, regulations, market demand, and globalization.