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Jun 17, 2024 · Industry refers to a specific group of similar types of companies, while sector describes a large segment of the economy. In the stock market, the generally accepted terminology cites a sector as ...
Oct 13, 2019 · A sector generally represents a group of similar industries and markets while an industry is a more specific grouping pertaining to a group of similar business activities. While sometimes albeit erroneously used the term “market” refer to either a sector or an industry, it has a more distinctive definition. This term also has a more ...
An industry – or sector – is the whole of all economic activities by companies, people, and organizations involved in the production of goods and services for a particular field. Industries are usually categorized by the goods and services they produce. For example, the pizza industry is made up of all producers who produce and sell pizza ...
INDUSTRY definition: 1. the production of goods in factories: 2. all the companies involved in a particular type of…. Learn more.
4 meanings: 1. organized economic activity concerned with manufacture, extraction and processing of raw materials, or.... Click for more definitions.
Definition of industry noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Classification of Industries. 1. Raw material. Agro-based industries: These industries use plants and animal-based products as their raw materials. Examples, food processing, vegetable oil, cotton textile, dairy products, and leather industries. Mineral based industries: Mineral-based industries are based on mining and use ‘mineral ore ‘ as ...
