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Classification of Industries

Which of the ...

Question

Which of the following industries is concerned with the production of goods?

A

Iron and steel industry

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B

Banking industry

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C

Tourism industry

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D

Coal mining industry

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Solution

The correct option is A Iron and steel industry
Industry can be described as an economic activity which is concerned with the production of goods, extraction of minerals or providing services. Iron and steel industry is associated with the production of goods, whereas, coal mining industry is concerned with the extraction of minerals like coal. Tourism industry is a service provider.

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