An industrial enterprise is a for-profit economic organization that is directly engaged in industrial production and business activities (or labor). An industrial enterprise requires the following conditions:
1. to be directly engaged in the production and operation of industrial products (or industrial labor services);
2. to have the necessary material resources and premises for engaging in industrial production and operation;
3. to be economically autonomous, independently accounted for, and self-supporting;
4. to have acquired the legal personality in law.
Expanded knowledge: enterprise is a historical category concept, it is the product of socio-economic development to a certain historical stage, is the product of modern socialized mass production and commodity economy. In the natural economy-based slave society and feudal society, is not generated by modern business organizations.