industry
n.
manufacturing, trade; group of companies which produce a particular product; diligence, perseverance, tendency to work hard
Industry
For other uses of this term, see
Industry (disambiguation) Industry (from
Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day. Many developed countries (The U.K., The U.S. and Canada for example) and many developing/semi-developed countries (People's Republic of China, India etc.) depend significantly on industry. Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web that may be hard to understand at first glance.
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Industry
(n.)
Human exertion of any kind employed for the creation of value, and regarded by some as a species of capital or wealth; labor.
(n.)
Habitual diligence in any employment or pursuit, either bodily or mental; steady attention to business; assiduity; -- opposed to sloth and idleness; as, industry pays debts, while idleness or despair will increase them.
(n.)
Any department or branch of art, occupation, or business; especially, one which employs much labor and capital and is a distinct branch of trade; as, the sugar industry; the iron industry; the cotton industry.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
Industry
The category describing a company's primary business activity. This category is usually determined by the largest portion of revenue.
Industry
A group of establishments that produce similar products or provide similar services. For example, all establishments that manufacture automobiles are in the same industry. A given industry, or even a particular establishment in that industry, might have employees in dozens of occupations. The Standard Industrial Classification (SIC) system groups similar establishments into industries.