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what is the difference between business and industry?
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what is the difference between business and industry? Related: Object...
Business refers to an organization or entity engaged in commercial, industrial, or professional activities with the aim of earning profits. It involves the production, distribution, and sale of goods or services. On the other hand, industry refers to a broader category of economic activities that involve the production of goods or services. It encompasses the various sectors of the economy such as manufacturing, agriculture, mining, construction, and services. While business is more focused on individual organizations and their activities, industry is concerned with the overall economic activities of a particular sector. In summary, business is a subset of the broader concept of industry.
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what is the difference between business and industry? Related: Object...
Business is buying and selling of goods and commodities. Whereas Industry is converting raw material into finished goods.
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what is the difference between business and industry? Related: Objectives - Introduction to Business Economics, Business Economics & Finance?
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