Principal industry has a tendency to dominate the economies of undeveloped and developing nations, but as secondary and tertiary industries are developed, its share with the economic output tends to decrease.
All major industry agro-industry essential industry industry-led industry-extensive inter-industry mild industry See all meanings Idioms and phrases a hive of exercise/industry idiom
Include to word list Include to word listing [ U ] the companies and functions linked to the production of goods:
enterprise may be an inclusive expression but particularly designates the activities of those engaged in the acquisition or sale of commodities or in connected financial transactions.
These examples are programmatically compiled from a variety of on the web sources For instance present-day utilization from the term 'industry.' Any opinions expressed from the illustrations don't stand for those of Merriam-Webster or its editors. Deliver us suggestions about these examples.
Intelligent Vocabulary: relevant text and phrases Industry & industrial procedures additive producing biomanufacturing carding cleantech compression molding inter-industry just-in-time light-weight industry device carding manufacture prefabricated prefabrication high quality assurance good quality control reindustrialization synthetically unindustrialized vitrification vulcanization vulcanized See extra final results » You may as well find connected terms, phrases, and synonyms from the matters:
In this analogy, on a yearly basis signifies 7 years Within this industry — simply because get more info they are quite intense types.
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Rite Assist Corp. and Gap Inc. are customers of exactly the same shopper merchandise sector, but Each and every is listed in another industry based on the items that they deliver or market.
The NAICS, made by America, copyright, and Mexico, is the standard by which authorities agencies classify companies when compiling statistical information. Within the NAICS hierarchy, organizations that use equivalent manufacturing processes are classified in precisely the same industry.
Industries may be further more grouped into sectors, which is a broader classification that features several industries. Enterprises inside the exact same sector may answer likewise to some macroeconomic traits although not Some others.
These macroeconomic components might be alterations in market place sentiment within the Portion of investors, for instance a response to a selected celebration or piece of information. They can be adjustments involving the industry alone, for instance new rules or elevated Uncooked materials costs.
It’s imperative that you Notice that a single corporation can reside in two distinct industries or two distinctive sectors. Together with becoming within just the consumer items sector, Ceremony Aid is considered Element of the personal expert services sector also, in the photofinishing laboratories industry.