A factory is defined as a building, or a group of buildings wherein goods are manufactured through a machine and the industry is defined as the branch of economics wherein raw materials, goods, and services are produced.
A factory is a location or a site that undertakes the business procedures.Different types of factories include job shops, metal, electronics, petroleum, chemicals, etc.
An industry can be considered as a collection of businesses that manufacture material and provides services. There are four types of industries, i.e., primary industry, secondary industry, tertiary industry, and quaternary industry.