Industry - Page 5

Industry refers to the broad category of economic activity that involves the production of goods and services within an economy. It encompasses various sectors, including manufacturing, construction, mining, and services, that contribute to the overall economic output. Industries can be classified into primary (extraction of raw materials), secondary (manufacturing and processing), and tertiary (services and distribution) sectors. The term also reflects the organisational structure, workforce, and technologies specific to these activities, playing a critical role in economic development, job creation, and innovation. Industries are often characterised by their scale, the nature of products they produce, and the markets they serve.