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What is an industry and what is not an industry
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TOPIC: What is an industry and what is not an industry

What is an industry and what is not an industry 4 years, 11 months ago #804

  • Imtiyaz
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Hi,

Can anyone tell me what is an industry and what is not an industry??

below is what the definition of industry I have found, but I also want to know about the entities which are not industry... please provide your responses on this . thank you:-)

Industry means any systematic activity carried on by co-operation between an employer and his workmen (whether such workmen are employed by such employer directly or by or through any agency, including a contractor) for the production, supply or distribution of
– goods or service with a view to satisfy human wants or wishes

Re: What is an industry and what is not an industry 4 years, 11 months ago #805

  • Tarunkool
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Industry is not only confined to a single employer and his workmen but a large group of similar companies working together to achieve similar goals. E.g. Steel industry, oil industry even Bollywood is referred to as film Industry these days.
Tarun Kool
Passionate about Arsenal
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