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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 · The term "industry" is a classification for a group of companies that have similar business activities. In modern economies, there are dozens of industry classifications....
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 refers to economic activities concerned with the production of goods, extraction of services and provision or services. Hence we can say that Industries are concerned with: Production of good (steel energy)
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.
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Workers in the textile industry design, fabricate, and sell cloth. The tourist industry includes all the commercial aspects of tourism.
INDUSTRY definition: 1. the companies and activities involved in the process of producing goods for sale, especially in…. Learn more.
Jun 17, 2024 · Industry refers to a group of companies that operate in a similar business sphere, and its categorization is narrow. Sector refers to a part of the economy into which...
