IndigoLearn

Forums

Back

General doubt

Others

Could anyone help me out What is the difference between the factory vs industry Answer with full explanation

Balachandar S

CA Inter

★ 59K+

24-Jan-23 20:02

432

Answers (5)

Best Answer

A factory is where an economy's actual production process is carried out. The economic expansion is a result of it. The industry refers to a group of companies that produce the same product or service.

Sowmiya A

CA Inter

★ 19K+

24-Jan-23 20:24

Factory is a single unit. Industry is a group of related firms (factories). So, industry is a broader term than factory.

Varshaa M

CA Final

★ 35K+

24-Jan-23 20:17

Thanks to both

Thread Starter

Balachandar S

CA Inter

★ 59K+

24-Jan-23 20:28

Thread Starter

Balachandar S

Thanks to both

no mention

Sowmiya A

CA Inter

★ 19K+

24-Jan-23 20:34

Factory is a part of industry.. For example: A tyre manufacturing is industry but the MRF is the factory of this industry

The royal AJ

CBSE XII

★ 10

24-Jan-23 23:28