Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships. Through these classifications, economists are able to …

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 …

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 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

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 …

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 …

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 …

Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery The wider industrial sector of an economy, including manufacturing and production …

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, …