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INDUSTRY definition: 1. the companies and activities involved in the process of producing goods for sale, especially in…. Learn more.
The meaning of INDUSTRY is manufacturing activity as a whole. How to use industry in a sentence. Synonym Discussion of Industry.
- What Is An Industry?
- Understanding An Industry
- Special Considerations
- Industries vs. Sectors
- The Bottom Line
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. Industries typically are grouped into larger categories called sectors. Individual companies are generally assigned to an industry based on their largest sources of revenue. For e...
Similar businesses are grouped into industries based on the primary business activitiesor the primary product that they produce or sell. This creates industry groups, which can then be used to separate businesses from those that participate in different activities.
Stocks
Stocks within the same industry often rise and fall as a group because the same macroeconomic factorsare likely to impact all members of an industry. These macroeconomic factors can be changes in market sentimenton the part of investors, such as a response to a particular event or piece of news. They can also be changes involving the industry itself, such as new regulations or increased raw material costs. However, events related to one business in particular can cause the associated stock to...
Sectors and industries are classifications used to group similar types of business operations. However, sectors are broader than industries. For example, retail trade is a sector as defined by the North American Industry Classification System (NAICS). Within that sector are industries such as health and personal care stores, clothing stores, and sh...
In business and investing, industry is a classification that is used to group similar companies. These companies have comparable products and services, and will often respond in similar ways to macroeconomic trends. Because of this, their stock prices often move up or down at the same time. Industries can be further grouped into sectors, which is a...
- David Gorton
- 2 min
Definition of industry noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
industry, group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are generally classified as primary, secondary, tertiary, and quaternary; secondary industries are further classified as heavy and light.
Industry definition: the aggregate of manufacturing or technically productive enterprises in a particular field, often named after its principal product. See examples of INDUSTRY used in a sentence.
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Workers in the textile industry design, fabricate, and sell cloth. The tourist industry includes all the commercial aspects of tourism.
