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Industry, group of productive enterprises or organizations that produce or supply goods, services, or sources of income Beginning in great britain around 1760, the industrial revolution had spread to continental europe and the united. In economics, industries are generally classified as primary, secondary, tertiary, and quaternary
Secondary industries are further classified as heavy and light. The industrial revolution, sometimes divided into the first industrial revolution and second industrial revolution, was a transitional period of the global economy toward more widespread, efficient and stable manufacturing processes, succeeding the second agricultural revolution Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships
Through these classifications, economists are able to compare companies within the same industry to evaluate the attractiveness of that industry.
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. The companies and activities involved in the process of producing goods for sale, especially in… 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.
In•dus•try (ˈɪn də stri) n., pl The aggregate of manufacturing enterprises in a particular field Trade or manufacture in general Business, commerce, trade, industry, traffic mean activity concerned with the supplying and distribution of commodities
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.
Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery the wider industrial sector of an economy, including manufacturing and production of other intermediate or final goods The process of making products by using machinery and factories A group of businesses that provide a particular product or service
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