An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.
Source: JAMB · 2024
An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.
Explanation
Processing industries take raw materials and turn them into semi-finished products. They add value before final manufacturing.
Mining only extracts materials. Manufacturing makes finished goods. Processing is the step in between.
Refining crude oil into fuel is an example of processing raw materials.
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