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 …

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 …

Apr 11, 2025 · What Is an 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....

INDUSTRY definition: 1. the companies and activities involved in the process of producing goods for sale, especially in…. Learn more.

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

in•dus•try (ˈɪn də stri) n., pl. -tries. 1. the aggregate of manufacturing enterprises in a particular field: the steel industry. 2. any general business activity: the tourist industry. 3. trade or manufacture in …

An industry is a group of companies that produce similar goods or services. For example, the automobile industry produces cars, while the textile industry produces fabrics and textiles.

Jan 27, 2025 · Industry defined An industry is an economic activity that goes beyond just factory walls. While manufacturing certainly plays a major role, the term encompasses a much broader landscape. …

5 days ago · Industry Today | The Digital Media Platform of Choice for Manufacturing and Industry Industry Today is a trusted digital media platform that helps manufacturing, industrial, and technology …

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.