Industry refers to the production of goods or services within an economy. It encompasses a wide range of sectors, including manufacturing, construction, and agriculture, each contributing to the overall economic output. Industries are essential for job creation and economic growth, providing the necessary infrastructure and resources for society's needs.
The industrial sector is characterized by its use of machinery, technology, and labor to transform raw materials into finished products. This transformation process not only fuels economic development but also drives innovation and efficiency, leading to improved standards of living and advancements in various fields, such as technology and healthcare.