Industry

Real World Example

In colonial times, industry was crucial for producing goods and services necessary for survival and economic growth. The colonies had industries like shipbuilding, textiles, and agriculture, which helped them become more self-sufficient and less dependent on Europe. This responded to the problem of needing local resources and goods to support growing populations and economies. Today, industry remains vital as it provides jobs, products, and services that people use daily, such as food production and technology. For example, the smartphone industry affects us by connecting us with information and people, showing how industry continues to shape everyday life.