Question

An industry is defined as: a. firms producing items that sell through the same distribution channels. b. firms that sell the same products or services to the same customer base. c. a group of firms producing the same products or services. d. a group of firms producing products that are close substitutes.

Answer 1

d. a group of firms producing products that are close substitutes.

Step-by-step explanation:

An industry -

It refers to the sector of the society , which is responsible for the production of various goods and services within the boundaries of the society , is referred to as an industry.

The profit and success of the country's economy reflects the prosperity of the country .

Hence , from the given information of the question,

The correct option is d.