Question

Differentiate between industry and a factory pls

Answer 1

A factory is defined as a building, or a group of buildings wherein goods are manufactured through a machine. On the other hand, the industry is defined as the branch of economics wherein raw materials, goods, and services are produced.

Step-by-step explanation:

Different types of factories include job shops, metal, electronics, petroleum, chemicals, etc. There are four types of industries, i.e., primary industry, secondary industry, tertiary industry, and quaternary industry.

A factory is a location or a site that undertakes the business procedures. An industry can be considered as a collection of businesses that manufacture material and provides services.

A factory is a part of an industry. An industry is a concept or a notion. The scope of a factory is less as compared to the industry. The industry has more scope in the future..

The main aim of the factories is to contribute to the growth and development of an economy. The main aim of the industry is to raise the standard of living of people and contribute to the economy.

Answer 2

Here's your answer

Step-by-step explanation:

A factory is a manufacturing plant. Industry refers to the production of a material or service within an economy. This is the main difference between factory and industry. Though, when speaking about the whole economy, we generally speak about industries, the production process actually takes place within factories.