The statement that accurately describes an industry today is; Option B
<h3>How to Define an Industry?</h3>
An industry is defined as a classification that refers to a group of companies that are related in terms of their primary business activities.
Now, in modern terms the word industry has evolved to mean a lot and as such when looking at the options the one that accurately describes an industry today is Option B.
Option B is true because from statistics, we see that China produces 20% of global manufacturing, United states produces 18% of global manufacturing, Japan produces 10% and Germany produces 7% which is a total of over 50%.
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