Q. Define ‘Industry’ and Profession.
Ans. (a) INDUSTRY
Industry means all the activities which are related with production of goods. ‘Various processes which may be used to create goods of services. Industry may be classified as under:
(1) PRIMARY ACTIVITIES :
It includes agriculture, plantation, poultry farming, etc. which are basically concerned with production of food products.
(2) EXTRACTIVE ACTIVITIES :
Extractive activities like mining, fish catching etc. concerned extraction of mineral wealth and food from land and water.
(3) CONSTRUCTIVE ACTIVITIES :
Construction activities concerned with the construction of buildings, bridges, dams, roads, etc.
Profession may be defined as a kind of services which is rendered after acquiring special training and knowledge. Common examples are legal profession, teaching etc. Such professional persons or group render services to commerce and trade of the nation.