Que : 200. What is meant by industrial production ?

Answer:

Industries refers to an economic activity that is concerned with production of goods, extraction of minerals or the provision of services. An industrial system consists of inputs, processes and outputs. The inputs are the raw material, labour and cost of the land, transport, power and other infrastructure. The processes include a wide range of activities that convert the raw material into finished products.The output are the end product and the income earned from it.