industry

Industry refers to the various sectors of the economy involved in the production of goods and services. It encompasses activities such as manufacturing, construction, and energy production. Industries are categorized into primary (extraction of natural resources), secondary (manufacturing and processing), and tertiary (services). Each industry plays a crucial role in economic growth, job creation, and innovation. For example, the automotive industry produces vehicles, while the technology industry develops software and electronics. Understanding industry helps to grasp how economies function and how different businesses interact to meet consumer needs.