Industry Definition

In macroeconomics an industry is a branch of an economy that produces a closely-related set of raw materials goods or services. A group of competitors producing substitutes that are close enough that the behavior of any firm affects each of the others either directly or indirectly.

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11234 Manufacturing Industry Definition.

Industry definition. The branch of manufacture and trade based on the fabrication processing or preparation of products from raw materials and commoditiesThis includes all foods chemicals textiles machines and equipment. Meaning pronunciation picture example sentences grammar usage notes synonyms and more. Industries often require specialized knowledge systems and tools.

Noun Dictionary Thesaurus Sentences Examples. Information and translations of industry in the most comprehensive dictionary definitions resource on the web. Define the Industry.

Industry analysis refers to the analysis of industrys environment that guides the industry to grow and survive in a competitive environment and gain a competitive edge in the industry as it predicts the future and changes in the market and analyze the threats and opportunities in the way ahead and making decisions and planning according to it. The most important definition of industry was given by Michael Porter in 1979. The definition of an industry is any large-scale business activity or a type of productive manufacture or trade.

Definition Automotive industry It is a broad range of companies and organizations involved in the design development manufacturing marketing and selling of motor vehicles. Industry synonyms industry pronunciation industry translation English dictionary definition of industry. Organized economic activity concerned with manufacture extraction and processing of raw materials or construction.

This can be contrasted with economic sectors that can be defined by levels of value creation. The sector of an economy made up of manufacturing enterprises. 21 Definition of Industry.

ˈɪndəstrɪ noun Word forms. Your first step is to define the industry your company operates in. When evaluating a single group or company its dominant source of revenue is typically used by industry classifications to classify it within a specific industry.

Industrial definition is - of or relating to industry. This can include products and services as well as other types of value such as infrastructure art and knowledge. Synonym Discussion of industry.

Secondary industries are further classified as heavy and light. Definition of industry noun in Oxford Advanced Learners Dictionary. The following are examples of large industries.

An industry is a sector of the economy that offers a distinct type of value. A sector of an economy. In economics industries are generally classified as primary secondary tertiary and quaternary.

For example one might refer to the wood industry or to the insurance industry. Meaning pronunciation translations and examples. What does industry mean.

How to use industrial in a sentence. Industry group of productive enterprises or organizations that produce or supply goods services or sources of income. An example of industry is the coal mining business.

Industry definition is - manufacturing activity as a whole. Working Draft Framework Version 2 June 4 1996. You can do this by looking at what the company says in its 10-K report Read Item 1 - Business.

The wider industrial sector of an economy including manufacturing and production of other intermediate or final goods. Industry classification a classification of economic organizations and activities. 1 Later Porter defined the term more precisely as a group of companies.

As such it is common for products services education and professional qualifications to be specialized for a particular. An industry is a category of economic activity. Government regulation of industry.

Industry definition the aggregate of manufacturing or technically productive enterprises in a particular field often named after its principal product. You can also use business databases that classify and assign codes. How to use industry in a sentence.

It is one largest economic sectors in terms of revenue. Industry is the work and processes involved in collecting raw materials and making them. The companies and activities involved in the process of producing goods for sale especially in.

Industry manufacturing a specific branch of economic activity typically in factories with machinery. A branch of commercial enterprise concerned with the output of a specified product or service. These are typically defined by the type of goods they produce.

Industry in British English. Sustainable Development Indicator Group.

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