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- 8. Jerusalem Sep 19, 2022
- Harper receives an unexpected test from Bloom while chasing a life-changing opportunity at Shogun.
- 7. Lone Wolf and Cub Sep 12, 2022
- Harper, Eric, and Rishi team up to pitch their small global force to rival banks.
- 6. Short to the Point of Pain Sep 5, 2022
- When a group of online traders attempts a short squeeze of FastAide, Bloom takes it personally.
The meaning of INDUSTRY is manufacturing activity as a whole. How to use industry in a sentence. Synonym Discussion of Industry.
- Overview
- Primary industry
- Secondary industry
- Tertiary industry
- Quaternary industry
Written and fact-checked byThe Editors of Encyclopaedia Britannica
The Editors of Encyclopaedia Britannica
Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.
Table of Contents
•Introduction
•Primary industry
This sector of a nation’s economy includes agriculture, forestry, fishing, mining, quarrying, and the extraction of minerals. It may be divided into two categories: genetic industry, including the production of raw materials that may be increased by human intervention in the production process; and extractive industry, including the production of exhaustible raw materials that cannot be augmented through cultivation.
The genetic industries include agriculture, forestry, and livestock management and fishing—all of which are subject to scientific and technological improvement of renewable resources. The extractive industries include the mining of mineral ores, the quarrying of stone, and the extraction of mineral fuels.
This sector, also called manufacturing industry, (1) takes the raw materials supplied by primary industries and processes them into consumer goods, or (2) further processes goods that other secondary industries have transformed into products, or (3) builds capital goods used to manufacture consumer and nonconsumer goods. Secondary industry also includes energy-producing industries (e.g., hydroelectric industries) as well as the construction industry.
Secondary industry may be divided into heavy, or large-scale, and light, or small-scale, industry. Large-scale industry generally requires heavy capital investment in plants and machinery, serves a large and diverse market including other manufacturing industries, has a complex industrial organization and frequently a skilled specialized labour force, and generates a large volume of output. Examples would include petroleum refining, steel and iron manufacturing (see metalwork), motor vehicle and heavy machinery manufacture, cement production, nonferrous metal refining, meat-packing, and hydroelectric power generation.
Molten steel being poured into a ladle from an electric arc furnace, 1940s.
Library of Congress, Washington, D.C. (Digital File Number: LC-DIG-fsac-1a35062)
This broad sector, also called the service industry, includes industries that, while producing no tangible goods, provide services or intangible gains or generate wealth. This sector generally includes both private and government enterprises.
The industries of this sector include, among others, banking, finance, insurance, investment, and real estate services; wholesale, retail, and resale trade; transportation; professional, consulting, legal, and personal services; tourism, hotels, restaurants, and entertainment; repair and maintenance services; and health, social welfare, administrative, police, security, and defense services.
An extension of tertiary industry that is often recognized as its own sector, quaternary industry, is concerned with information-based or knowledge-oriented products and services. Like the tertiary sector, it comprises a mixture of private and government endeavours. Industries and activities in this sector include information systems and informatio...
industry noun (TYPE OF WORK) B1 [ C ] the people and activities involved in one type of business: the gas / electricity industry. the tourist industry. manufacturing industries. The computer industry has been booming. [ C ] disapproving. something that is produced or is available in large quantities and makes a lot of money: the heritage industry.
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.
Nov 7, 2023 · What Is an Industry? An industry is a group of companies that are related based on their primary business activities. In modern economies, there are dozens of industry...
- David Gorton
- 2 min
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Check pronunciation: industry. Definition of industry noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Industry, a group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.
