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- Dictionaryindustry/ˈɪndəstri/
noun
- 1. economic activity concerned with the processing of raw materials and manufacture of goods in factories: "new investment incentives for British industry" Similar
- 2. hard work: "the kitchen became a hive of industry" Similar Opposite
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Jun 5, 2024 · An industry is a classification for a group of companies that are related by their primary business activities. Investors study industries to select stocks.
industry, group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are generally classified as primary, secondary, tertiary, and quaternary; secondary industries are further classified as heavy and light.
Industry: An Introduction. Industries are part of the secondary activity. Secondary activities or manufacturing converts raw material into products of more value to people. Industry refers to economic activities concerned with the production of goods, extraction of services and provision or services.
Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery. The wider industrial sector of an economy, including manufacturing and production of other intermediate or final goods. The general characteristics and production methods common to an industrial society.
What is an Industry? 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.
Jan 6, 2024 · An industry is a sector of the economy that offers a distinct type of value. This value can include products and services as well as other types of value such as infrastructure, art, culture, experiences, knowledge and quality of life.
The meaning of INDUSTRY is manufacturing activity as a whole. How to use industry in a sentence. Synonym Discussion of Industry.
INDUSTRY definition: 1. the companies and activities involved in the process of producing goods for sale, especially in…. Learn more.
Industry, a group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.
In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry .
