Industry

Industry refers to the economic activity concerned with the processing of raw materials and the manufacturing of goods in factories. It encompasses a wide range of sectors, including agriculture, mining, construction, manufacturing, and services. Industries are categorized based on the primary products they produce or the services they provide, and they play a vital role in the economy by creating jobs, generating income, and contributing to economic growth. The term can also refer to a specific branch of commercial or production activity, such as the automotive industry, textile industry, or technology industry. Overall, industry is a key component of the economy, influencing both local and global markets.