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industry meaning

[ 'indəstri ] Pronunciation:   "industry" in a sentence
  • Noun: industry  industree
    1. The people or companies engaged in a particular kind of commercial enterprise
      "each industry has its own trade publications" 
    2. The organized action of making of goods and services for sale
      "American industry is making increased use of computers to control production"
      - manufacture 
    3. Persevering determination to perform a task
      "frugality and industry are still regarded as virtues"
      - diligence, industriousness

    Derived forms: industries

    See also: diligent, industrial, industrialist, industrious

    Type of: business, business enterprise, commercial enterprise, determination, purpose

    Encyclopedia: Industry, California Industry, IL Industry, Illinois Industry Industry, CA Industry, Ca Industry, Kansas Industry, Pennsylvania Industry, TX Industry, Texas Industry, ME Industry, Maine Industry, PA


  • [Business]
    noun (plural industries)

    AGRO-INDUSTRY, BASIC INDUSTRY, CAPTAIN OF INDUSTRY, COTTAGE INDUSTRY, DEPARTMENT OF TRADE AND INDUSTRY, HEAVY INDUSTRY, HERITAGE INDUSTRY, LEISURE INDUSTRY, LIGHT INDUSTRY, PRIMARY INDUSTRY, SECONDARY INDUSTRY, SERVICE INDUSTRY, STRATEGIC INDUSTRY, SUNRISE INDUSTRY, SUNSET INDUSTRY, TERTIARY INDUSTRY

    1 [U]

    the production of goods from raw materials, especially in factories:

    They raised import duties to protect local industry.

    the problems of British industry

    He left college and went into industry.

    domestic/local/traditional industry

    ◆ to be in/go into/enter industry

    2 [C]

    the people and activities involved in producing a particular thing, or in providing a particular service:

    the banking/car/steel industry

    We're in an industry that's growing at 14% a year.

    We're in a growth industry.

    Sales fell across the industry.

    The global mining industry is dominated by four large groups.

    We hope the publicity surrounding the product will be good for the industry as a whole. See note at TRADE

    a global/growing/growth/key/mature industry

    domestic/global/local/traditional industries

    communications/manufacturing/service industries

    ◆ to create/dominate/lead an industry

    ◆ to regulate/restructure an industry

    ◆ an industry analyst/expert/observer

    3 (formal) [U]

    the quality of working hard:

    We were impressed by their industry.


  • [Economics]
    1) A sector of the economy, in which firms use similar factor inputs to make a group of related products. The Standard Industrial Classification (SIC) is a partition of goods into sectors and sub-sectors.

    2) A group of sectors, mainly in manufacturing and construction, typically producing physical goods rather than services. The Confederation of British Industry (CBI) is a UK organization representing firms in these sectors, and the Department of Trade and Industry (DTI) is the main UK government department responsible for dealing with them.

    3) Hard and persistent work.

    See also:

    footloose industry, infant industry, nationalized industry, and service industry


  • [Finance]
    The category describing a company's primary business activity. This category is usually determined by the largest portion of revenue.

  • [Medicine]
    The aggregate of manufacturing or technically productive enterprises in a particular field,often named after its principle product,as the automobile industry,the steel industry. It includes the ownership and management of companies,factories,industrial plants,etc. (From Random House Unabridged Dictionary,2d ed)

Examples

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  1. investing in industry is money well spent.
  2. i created a whole new industry here.
  3. what men in industry provided the subsidies.
  4. fishing is still the main industry there.
  5. farming has been an up-and-down industry.

Related Words

  1. industrials meaning
  2. industries meaning
  3. industrious meaning
  4. industriously meaning
  5. industriousness meaning
  6. industry allocation meaning
  7. industry analyst meaning
  8. industry association meaning
  9. industry bargaining meaning
  10. industry bet meaning
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