What is meant by “Industry” and “Industrial dispute”? What are the authorities under the Act and the duties entrusted to them?

"Industry" and "Industrial dispute" are important terms in the context of labor laws. These terms have specific definitions and implications under labor legislation in various countries, including India. To provide a comprehensive answer, I will primarily focus on the Indian perspective.

1. Industry:
In the context of Indian labor laws, the term "industry" is defined under the Industrial Disputes Act, 1947. According to Section 2(j) of the Act, "industry" means any systematic activity carried on by co-operation between an employer and employees for the production, supply, or distribution of goods or services with the aim of satisfying human wants or wishes. This definition is quite broad and encompasses a wide range of economic activities.

Key points related to the concept of "industry" in Indian labor laws:
- It includes both manufacturing and service-oriented activities.
- The essential element is the systematic cooperation between employers and employees.
- The purpose is the production, supply, or distribution of goods or services.
- It focuses on satisfying human wants or wishes.

2. Industrial Dispute:
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