What is the difference between industry and company?

Question

Accepted Answer

Industry refers to a broader category of businesses while company is a specific entity within that industry.

Industry is a larger category of businesses that share similar characteristics or produce similar products/services.
Company is a specific entity within an industry that produces a unique product/service.
For example, the automobile industry includes companies like Ford, Toyota, and BMW.
Ford, Toyota, and BMW are individual companies within the automobile industry.
Industry can also refer to a specific sector of the economy, such as healthcare or technology.
Company refers to a specific organization that produces goods or services for profit.
For example, Apple is a company that produces electronic devices like iPhones and MacBooks.
Industry and company are related but have distinct differences in their meanings.

Top HR questions asked in Info Edge Client Delivery Executive