Industry

Industry refers to the organized economic activity concerned with the production of goods and services. It encompasses a wide range of sectors that transform raw materials into finished products and includes various activities such as manufacturing, construction, mining, and services. Industries are typically categorized by the nature of their output or the processes they employ, and they play a crucial role in the economy by providing jobs, fostering innovation, and contributing to a country’s gross domestic product (GDP). Industries can be further divided into primary (raw materials extraction), secondary (manufacturing), tertiary (services), and quaternary (knowledge-based services) sectors. The growth and efficiency of industries are vital for economic development and societal progress.