an economic entity that engages in industrial production and labor service activities, implements independent economic accounting, is responsible for its own profits and losses, and is qualified as a legal person to produce and operate commodities. The standard of industrial and trading enterprises is an economic entity that engages in industrial production and labor service activities, implements independent economic accounting, is responsible for its own profits and losses, and has the legal person qualification to produce and operate commodities. Industry is a social material production department that exploits and collects natural resources and processes various raw materials.