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Industries

What is meant...

Question

What is meant by the term industry?

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Solution

Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or the provision of services.

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Answer the following questions.

(i) What is meant by the term ‘industry’?

(ii) What are the main factors which influence the location of an industry?

(iii) Which industry is often referred to as the backbone of modern industry and why?

(iv) Why cotton textile industry rapidly expanded in Mumbai?

(v) What are the similarities between information technology industry in Bangalore and California?

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