An Industry Is a Group of Firms Producing a Similar

question 79

True/False

An industry is a group of firms producing a similar product or service.

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Definitions:

Ethnicity

A collective term that refers to groups of people who identify with each other based on shared cultural traits, such as language, religion, and ancestry.

Constructing Categories

The process of creating classifications for individuals, objects, or concepts based on observed traits, behaviors, or other definable characteristics.

Discrimination

The unfair and biased treatment toward various groups of individuals, particularly based on their race, age, gender, or disabilities.

Prejudiced

Having preconceived opinions or judgments about someone or something that are not based on reason or actual experience, often manifesting as unfounded positive or negative views about a group.