227k views
4 votes
Question 5

Industry is the supply side of the market.

A)True

B)False

User Tchypp
by
5.2k points

1 Answer

5 votes

Answer:

A) True

Step-by-step explanation:

A good way to think about it is that industry, a general term for businesses engaging in productive practices, is concerned with the production of goods. These are the goods that are demanded by consumers. So as 'industry' is supplying those goods, it must be on the supply side of the market.

User Khemedi
by
5.6k points