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· what is an industry? The companies and activities involved in the process of producing goods for sale, especially in…. The term “industry” is a classification for a group of companies that have similar business … Business, commerce, trade, industry, traffic mean activity concerned with the supplying and distribution of commodities. Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery the wider industrial sector of an … · an industry is a sector of the economy that offers a distinct type of value. This value can include products and services as … Business may be …