These examples are programmatically compiled from a variety of online sources to illustrate recent usage of your term 'industry.' Any opinions expressed in the illustrations usually do not represent These of Merriam-Webster or its editors. Ship us suggestions about these examples.
[ C ] the individuals and actions involved in one form of small business that provides goods or presents companies:
Wise Vocabulary: similar words and phrases and phrases Industry & industrial procedures additive manufacturing biomanufacturing carding cleantech compression molding inter-industry just-in-time light-weight industry device carding manufacture prefabricated prefabrication high quality assurance high-quality Command reindustrialization synthetically unindustrialized vitrification vulcanization vulcanized See much more success »
Primary industry has a tendency to dominate the economies of undeveloped and producing nations, but as secondary and tertiary industries are created, its share with the economic output tends to lower.
[ C ] disapproving a thing that is generated or is offered in large quantities and tends to make a lot of money:
Be looking out for the Britannica publication to have trusted tales delivered suitable towards your inbox.
Distinctive Criteria Stocks Shares throughout the same industry often increase and fall as a gaggle because the very same macroeconomic things are likely to effects all associates of the industry.
Ceremony Support Corp. and Gap Inc. are users of precisely the same customer merchandise sector, but Every is mentioned in a unique industry according to the products which they make or sell.
Include to term list Incorporate to phrase checklist [ U ] the companies and functions involved in the manufacture website of items on the market, esp. within a manufacturing facility:
For the reason that this enterprise develops photos As well as offering consumer products, it is actually assigned several NAICS codes (NAICS Code 812921 for its Image department).
Exactly what is an Industry? The expression "industry" is a classification for a bunch of organizations which have very similar enterprise actions. In modern-day economies, you'll find dozens of industry classifications. Industries typically are grouped into much larger classes known as sectors.
How Buyers Use Industries Investors and economists frequently review industries to raised recognize the factors and constraints of company income development. Investors usually compare firms functioning in the identical industry To guage their relative attractiveness being an investment decision.
Specific organizations are typically assigned to an industry primarily based on their major resources of profits. By way of example, even though an vehicle producer may need a financing division that contributes ten% into the business’s In general revenues, the corporation would be labeled while in the automaker industry by most classification methods rather then inside the economical providers industry.
Are you aware you’re not getting the entire Britannica encounter? Enroll in Quality to receive access to all
industry relates to the developing of commodities, Particularly by production or processing, normally on a significant scale.