What is the difference between industry and organization

Generally the term "Company" indicates a particular kind of business dealing in a very particular product. Orgnisation is the larger form and generally comprises a number of companies. Industry is the combination of companies in same line of business. Ex: Steel Industry includes all steel companies. A company can be a private limited company and also a government aided company. An Organisation is a joint venture and run by many people and run by direct or indirect investments An industry is the place where employees undergo the work for the organisation where production takes place.

The term industry is used to refer to a group of companies who make similar products. An "agency" can be, a a government organization or a division within a government organization.

The person represented is then called a "client" and the company acts as the client's "agent". That is, they act as a go-between for other people. For example a "real estate agency" takes on the task of selling your house for you, and represents your interests to potential buyers, the bank, etc.

An "industry" is the set of all companies producing the same product or service. For example, the "cell phone industry". If we say, "The economy of this town is centered on industry", we mean it has a lot of factories, as opposed to getting most of its income from office work or retail stores.

Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. What is the difference between a company, organisation, industry, firm, corporation and business? Ask Question. Asked 6 years, 4 months ago.

Active 3 years, 9 months ago. Viewed k times. An industry is the combination of companies in same line of business. Is this correct? Improve this question. Community Bot 1. Premraj Premraj 3 3 gold badges 7 7 silver badges 16 16 bronze badges. Where did you find these definitions? Is it something you made up or are you quoting a source? According to BusinessDictionary. All organizations have a management structure that determines relationships between the different activities and the members, and subdivides and assigns roles, responsibilities, and authority to carry out different tasks.

Organizations are open systems--they affect and are affected by their environment. There are lots and lots of people working in an organization. An Industry is any part of the business for producing or making goods with hard work and great effort.

It can be classified into different level, so that it will be easy to understand. Primary: Primary means first. These are small industries that produce raw materials from which useful items can be made. Secondary: Secondary means second.

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