Define the term "industry" and distinguishing it from the term "market".

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The two terms are often interchanged, but have useful purposes when distinctly defined. "Industry" refers to a group of organizations, usually for-profit businesses, engaged in creating and selling similar lines of products and services to similar markets. A "market" is a group of customers who have demands for similar products and services intended to satisfy similar needs. An industry is composed of organizations and a market is composed of people or organizational buyers.

Define the Term "Industry" and Distinguishing It from the Term