When a group of individual firms work in a similar method and develop similar output, They could be grouped with each other and labeled as Element of exactly the same industry.
This wide sector, also referred to as the service industry, includes industries that, though developing no tangible merchandise, present expert services or intangible gains or make wealth. This sector generally features both equally personal and government enterprises.
the overall economy grows/expands/shrinks/contracts/slows (down)/recovers/enhances/is booming
company may very well be an inclusive expression but particularly designates the things to do of People engaged in the acquisition or sale of commodities or in relevant monetary transactions.
Task gains in company industries like wellbeing treatment and banking offset losses in this kind of places as development.
the car/electronics/development industry In the construction industry, as in other industries, mechanization has had An important effect.
We also reference first research from other trustworthy publishers wherever proper. You'll be able to find out more concerning the expectations we observe in developing accurate, impartial content in our
Be on the lookout for your Britannica publication to obtain reliable stories sent ideal to the inbox.
Particular Things to consider Shares Shares throughout the same industry usually rise and slide as a bunch since the similar macroeconomic things are likely to influence all associates of an industry.
An industry is usually a classification that refers to a group of companies. A business is really an entity that's operated to obtain individual organization plans.
Sensible Vocabulary: linked words and phrases Industry & industrial procedures additive manufacturing biomanufacturing carding cleantech compression molding inter-industry just-in-time light-weight industry machine carding manufacture prefabricated prefabrication quality assurance top quality Manage reindustrialization synthetically more info unindustrialized vitrification vulcanization vulcanized See a lot more final results »
industry figures/facts/normal The vehicle maker spends $581 a lot more on distribution for every motor vehicle when compared to the industry regular.
Subscribe to America's biggest dictionary and obtain thousands far more definitions and State-of-the-art look for—advertisement cost-free!
An extension of tertiary industry that is usually identified as its individual sector, quaternary industry, is worried about information-primarily based or expertise-oriented services. Such as tertiary sector, it comprises a combination of personal and governing administration endeavours. Industries and actions On this sector incorporate facts devices and knowledge technological know-how (IT); investigate and enhancement, including technological development and scientific research; financial and strategic analysis and consulting; media and communications systems and services; and education and learning, which include instructing and educational systems and providers.