NURSING EXAM QUESTIONS
SOCIOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is industry?
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Industry refers to a factory where products are made for consumption in an economy.
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Industry refers to the place where the goods are produced for consumption in an economy.
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Industry refers to the place where the goods and services are produced for consumption in an economy.
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Industry refers to the place where services are produced for consumption in an economy.
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Explanation:
Detailed explanation-1: -Industry refers to economic activities, which are connected with conversion of resources into useful goods. Industry is concerned with the production or processing of goods and materials as well as breeding and raising of animals.
Detailed explanation-2: -The industrial goods sector includes stocks of companies that mainly produce capital goods used in manufacturing, resource extraction, and construction. Businesses in the industrial goods sector make and sell machinery, equipment, and supplies that are used to produce other goods rather than sold directly to consumers.
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