As nouns the difference between industry and industries is that industry is (uncountable) the tendency to work persistently while industries is .

What is meant by factory industry?

Definition: The branch of manufacture and trade based on the fabrication, processing, or preparation of products from raw materials and commodities. This includes all foods, chemicals, textiles, machines, and equipment. This includes all refined metals and minerals dirrived from extracted ores.

What’s the difference between industry and factory in India?

However, the amended definition is followed by Tribunals and the higher judiciary without exception. In short ” industry” refers to “any activity” based on the systematic cooperation between employers and employees to fulfill the material needs of the society.

What’s the difference between an industry and a company?

Simply, a company is an organization, but an organization is not just a company. An organization is a group of people working together for a purpose. An industry is any part of the business of producing or making goods with hard work and great effort. Organisation and Industry are interrelated with each other.

Which is the best definition of a factory?

A factory is an industrial building or a complex of several buildings where laborers process or create the products. This is done either manually or with the help of machines. Factories are also known as a manufacturer or a manufacturing plant. They can also be warehouses, where the products are stored.

Why do we need both factories and industry?

In order for a country’s economy to flourish and prosper, there has to be abundance of both factories and industries. Factories are responsible for creating the growth that develops in an economy. Industry makes use of this growth to advance the economy and the quality of life for the people of the country.