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An industry is best described as 

Economics
WAEC 2015

An industry is best described as 

  • A. firm that sells a set of closely related commodities
  • B. a factory that produces different lines of product
  • C. a group of firms that sells a closely related set of products
  • D. industrial concern that is into production and selling of goods
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Correct Answer: Option D
Explanation

An industry; economic activity concerned with the processing of raw materials and manufacture of goods in factories.

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