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What do you mean by industries? Write it main features |
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Answer» Industry refers to an activity which converts raw materials into useful products. Features : 1.produce both consumer as well as capital goods.2. Require large calital .3.Group of firms. industry refers to that economic activitywhich undertake the production of goods and services.through industry the things bestowed by nature are made capable of being used by creating from utility.features of industry..production of things and services..industry are working and fixed capital on large scale..it includes primary,secondaryand services industry..it creates form utility. |
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