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When a group of particular person firms work in a similar way and make comparable output, They might be grouped jointly and classified as Component of the identical industry.This wide sector, also called the provider industry, includes industries that, when developing no tangible goods, provide companies or intangible gains or generate prosperity. This sector usually features both equally non-public and governing administration enterprises.
the economic system grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming
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These examples are programmatically compiled from a variety of on line resources to illustrate recent utilization of the phrase 'industry.' Any viewpoints expressed while in the examples do not signify All those of Merriam-Webster or its editors. Send out us suggestions about these illustrations.
Insert to term checklist Add to phrase listing B2 [ U ] the businesses and activities involved with the entire process of making items available for sale, especially in a manufacturing facility or Specific region:
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[countable] the men and women and activities associated with making a selected detail, or in delivering a selected service
The NAICS, produced by America, copyright, and Mexico, may be the typical by which authorities businesses classify firms when compiling statistical facts. From the NAICS hierarchy, corporations that use very similar production processes are website categorized in the exact same industry.
industry figures/information/ordinary The vehicle maker spends $581 more on distribution per motor vehicle in comparison to the industry ordinary.
You can find eight meanings listed in OED's entry for your noun industry, two of which happen to be labelled obsolete. See ‘This means & use’ for definitions, use, and quotation evidence.
But for the most part even industry and endowment were powerless towards the inertia of custom made and the dead-weight of environment.