An industry is
ECONOMICS
JAMB 2023
An industry is
- A. A group of firms producing differentiated products
- B. A group of firms producing distinct commodities
- C. A group of firms producing related goods
- D. A group of firms producing unrelated goods
Correct Answer: C. A group of firms producing related goods
Explanation
An industry is a group of firms producing similar products and under separate administration or management.
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