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  • Term: industry
    Key Words: , food, industry, cosmetics, industry, industry, forecast, industry, analysts, industry, coatings, industry, industry, standard, car, industry, industry, surveys
    Related Terms: food industry, cosmetics industry, industry forecast, industry analysts, industry, coatings industry, industry standard, car industry, industry surveys

    industry!


    industry

    Comprehensive Analysis



    1) "Industry" -- As to industry

    in·dus·try
    Pronunciation: 'in-(")d&s-trE
    Function: noun
    Inflected Form(s): plural -tries
    Etymology: Middle English (Scots) industrie, from Middle French, from Latin industria, from industrius diligent, from Old Latin indostruus, perhaps from indu in + -struus (akin to Latin struere to build) -- more at END-, STREW
    1 : diligence in an employment or pursuit; especially : steady or habitual effort
    2 a : systematic labor especially for some useful purpose or the creation of something of value b : a department or branch of a craft, art, business, or manufacture; especially : one that employs a large personnel and capital especially in manufacturing c : a distinct group of productive or profit-making enterprises <the banking industry> d : manufacturing activity as a whole <the nation's industry>
    3 : work devoted to the study of a particular subject or author <the Shakespeare industry>
    synonym see BUSINESS
    Pronunciation Symbols

    For other uses of this term, see Industry (disambiguation)
    GDP composition of sector and labour force by occupation. The green, red, and blue components of the colours of the countries represent the percentages for the agriculture, industry, and services sectors, respectively.

    Industry is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day. Many "developed" countries (The U.S., the UK, Canada) depend significantly on industry. Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web that may be hard to understand at first glance.

    Industry in the second sense became a key sector of production in European and North American countries during the Industrial Revolution, which upset previous mercantile and feudal economies through many successive rapid advances in technology, such as the development of steam engines, power looms, and advances in large scale steel and coal production. Industrial countries then assumed a capitalist economic policy. Railroads and steam-powered ships began speedily establishing links with previously unreachable world markets, enabling private companies to develop to then-unheard of size and wealth. Manufacturing is a wealth producing sector in an economy. Following the Industrial Revolution, perhaps a third of the world's economic output is derived from manufacturing industries—more than agriculture's share.

    In economics and urban planning, industrial is a type of land use and economic activity involved with manufacturing and production.

    Clark's Sector Model (1950)
    • 1 History
    • 2 Industrial development
      • 2.1 Declining industries
    • 3 Industrial technology
    • 4 Industry sectors and classification
    • 5 Industry and society