Definition Of Industry
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. The tourist industry includes all the commercial aspects of tourism.
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A branch of commercial enterprise concerned with the output of a specified product or service.
Definition of industry. Commerce a branch of commercial enterprise concerned with the output of a specified product or service. Industry definition the aggregate of manufacturing or technically productive enterprises in a particular field often named after its principal product. In modern economies there are dozens of industry classifications.
Secondary industries are further classified as heavy and light. Economics organized economic activity concerned with manufacture extraction and processing of raw materials or construction. Synonym Discussion of industry.
The food service industry prepares food and delivers it to hotels schools and other big facilities. The boundaries of an Andrews explicit definition industry are found by including any business which can affect the behaviour of some one business. The definition of an industry is any large-scale business activity or a type of productive manufacture or trade.
An example of industry is the coal mining business. Count noun with adjective or noun modifier A particular form or branch of economic or commercial activity. ˈɪndəstrɪ noun Word forms.
Taking first a short-run view in which most resource inputs are not variable the industry will consist of all firms which can contest a market in which the. Industry in British English. ˈɪndəstrɪ n pl -tries.
In economics industries are generally classified as primary secondary tertiary and quaternary. The city needs to attract more industry. Organized economic activity concerned with manufacture extraction and processing of raw materials or construction.
A group of competitors producing substitutes that are close enough that the behavior of any firm affects each of the others either directly or indirectly. The industrial sector is also referred to as the secondary sector or the manufacturing sector. Industry refers to a specific group of companies that operate in a similar business sphere.
Industry noun PRODUCTION B2 U the companies and activities involved in the process of producing goods for sale especially in a factory or special area. The term industrial sector is an economic designation from the three-sector hypothesis for the part of the economy devoted to producing goods as opposed to sectors devoted to providing services and raw material products. Industry Participant means any person trade association or trade union involved in the beverage alcohol industry in Ontario including for clarity Canadas National Brewers the Original Owners any other Qualifying Brewers or any of their Affiliates.
Essentially industries are created by breaking down sectors into more defined groupings. The companies and activities involved in the process of producing goods for sale especially in. The automobile industry makes cars and car parts.
You can use industry to refer to a group of similar businesses. The most important definition of industry was given by Michael Porter in 1979. The definition of industry has evolved and expanded significantly over a period of time by the legislative acts and judicial decisions.
An industry is a group of companies that are related based on their primary business activities. How to use industry in a sentence. The strike seriously reduced coal deliveries to industry.
The technology industry has a poor track record in attracting female applicants. Industry definition is - manufacturing activity as a whole. Workers in the textile industry design fabricate and sell cloth.
Industry group of productive enterprises or organizations that produce or supply goods services or sources of income.
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