MP Board · Class 8 · Social Science · IndustriesWhat does the term 'industry' refer to?
Step-by-Step Solution
Industry refers to an economic activity that is concerned with production of goods, extraction of minerals, or provision of services. Therefore, manufacturing goods, producing coal, or providing tourism services all fall under industries.
Detailed Options Breakdown
Option : An economic activity concerned with production of goods, extraction of minerals, or provision of services (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Only the agricultural activities carried out by farmers
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Industries.
Option 2: The buying and selling of goods in a local market
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Industries.
Option 3: The extraction of raw materials without any processing
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Industries.
💡 Study Guide: This question tests core syllabus concepts from Industries. For formulas, key summaries, and mock exam reference guides, read the full Industries Revision Notes.