When a set of specific organizations operate in an analogous way and generate identical output, they may be grouped collectively and classified as Component of the exact same industry.

All heavy industry agro-industry standard industry industry-led industry-large inter-industry light-weight industry See all meanings Idioms and phrases a hive of exercise/industry idiom

structured financial activity concerned with manufacture, extraction and processing of raw elements, or development

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Understanding an Industry Equivalent firms are grouped into industries dependant on the primary company routines or the main item they deliver or promote. This produces industry groups, which can then be used to individual businesses from the ones that participate in distinct things to do.

the car/electronics/building industry In the construction industry, as in other industries, mechanization has experienced An important effect.

Investors and consultants reported the dispute troubled them, Primarily presented Murray’s standing on the agency and while in the money industry Total.

Peace, also—or peace beneath the old disorders of industry—is infinitely wasteful of human Electricity.

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Rite Support Corp. and Gap Inc. are customers of the exact same buyer merchandise sector, but Just about every is detailed in a different industry dependant on the products that they deliver or promote.

The NAICS, developed by the United States, copyright, and Mexico, will be the regular by which authorities more info agencies classify businesses when compiling statistical data. During the NAICS hierarchy, providers that use related creation procedures are categorized in the same industry.

Providers inside of an industry often carry out likewise resulting from macroeconomic conditions that assist or hurt all firms with very similar shopper bases or products.

You will discover eight meanings detailed in OED's entry for the noun industry, two of that are labelled out of date. See ‘That means & use’ for definitions, usage, and quotation evidence.

But In most cases even industry and endowment have been powerless against the inertia of personalized as well as the useless-excess weight of natural environment.