INDUSTRY

Industry

Industry is the production of an economic good or service within an economy. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This occurred through many successive rapid advances in technology, such as the production of steel and coal. Following the Industrial Revolution, perhaps a third of the world's economic output is derived from manufacturing industries. Many developed countries and many developing/semi-developed countries depend significantly on industry. Industries, the countries they reside in, and the economies ...

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industry

Noun

  1. The tendency to work persistently.
  2. Businesses of the same type, considered as a whole.
  3. Businesses that produce goods as opposed to services.
  4. The sector of the economy consisting of large-scale enterprises.
  5. Automated production of material goods.


The above text is a snippet from Wiktionary: industry
and as such is available under the Creative Commons Attribution/Share-Alike License.

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