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In economics, different kinds of manufacturing and services are broken down into groups called industries. The word comes from a Latin word meaning "working diligently at a task". There are many different industries, like mining, farming and logging. The industrial revolution made new industries.
An industry produces goods or services which are of a common set of qualities and which are indistinguishable (called homogeneous, in economics). It uses standardised processes for production, mass production and divison of labor.
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