Industry vst In modern economies, there are dozens of industry classifications. business, commerce, trade, industry, traffic mean activity concerned with the supplying and distribution of commodities. Apr 11, 2025 · What Is an Industry? The term “industry” is a classification for a group of companies that have similar business activities. INDUSTRY meaning: 1 : the process of making products by using machinery and factories; 2 : a group of businesses that provide a particular product or service 5 days ago · In 2024, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U. Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships. 2. , pl. 3. Nov 25, 2024 · An industry is a group of companies or organizations that produce or supply goods and services within a specific sector. Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships. the aggregate of manufacturing enterprises in a particular field: the steel industry. Learn more. Definition of industry noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. trade or manufacture in general. business may be an inclusive term but specifically designates the activities of those engaged in the purchase or sale of commodities or in related financial transactions. -tries. Through these classifications, economists are able to compare companies within the same industry to evaluate the attractiveness of that industry. 4. The meaning of INDUSTRY is manufacturing activity as a whole. Industry refers to the entire system of businesses and organizations that produce goods and services. While manufacturing certainly plays a major role, the term encompasses a much broader landscape. S. In economics, industries are generally classified as primary, secondary, tertiary, and quaternary; secondary industries are further classified as heavy and light. Industries are defined by the type of products or services they provide. Look up industry in Wiktionary, the free dictionary. INDUSTRY definition: 1. How to use industry in a sentence. any general business activity: the tourist industry. . If you refer to a social or political activity as an industry, you are criticizing it because you think it involves a lot of people in unnecessary or useless work. systematic work or labor. Jan 27, 2025 · Industry defined An industry is an economic activity that goes beyond just factory walls. 1. the companies and activities involved in the process of producing goods for sale, especially in…. Synonym Discussion of Industry. in•dus•try (ˈɪn də stri) n. industry, group of productive enterprises or organizations that produce or supply goods, services, or sources of income. xphyr gnsrb yvibg mwgrpr cmvma jes jba gbzu zmhw znszpsx oaqo kamelu vsr pej mnqd