Understanding the Difference: What Sets a Factory, Industry, and Company Apart?

jude.msw
Hi,

I have a doubt. Can anyone tell me what is the difference between a factory, an industry, and a company? I hope someone can help me out.
nashbramhall
Please see [WikiAnswers - What is the difference between company and industry](http://wiki.answers.com/Q/What_is_the_difference_between_company_and_industr y) and if you still have a doubt, drop a message.

A company can have a number of factories manufacturing the same or different products.
K.Ravi
Factory refers to a place where something is manufactured. On the other hand, a company involves work being done, including manufacturing and official/administrative activities. Industry, which comprises a group of factories and companies performing similar roles, is a broader concept.

A factory is responsible for manufacturing or producing goods. A company may or may not have a factory or plant within its premises. An industry, on the other hand, encompasses all the factories and companies within a particular sector. It serves as an association of these entities. :-P:-P:-P:-P
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