When a collection of person enterprises function in a similar fashion and create very similar output, They might be grouped jointly and categorised as Portion of the same industry.
[ C ] disapproving a thing that is produced or is available in massive quantities and can make lots of money:
the economic climate grows/expands/shrinks/contracts/slows (down)/recovers/increases/is booming
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That is especially accurate of something to do Along with the defence industry, the plane industry and so on.
Investors and consultants mentioned the dispute troubled them, In particular supplied Murray’s status at the business and from the economic industry Total.
Peace, also—or peace beneath the old conditions of industry—is infinitely wasteful of human Electrical power.
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His excellent skills and untiring industry were being underneath the direction of philanthropic and Christian impulses.
Industries is usually even more grouped into sectors, which can be a broader classification that features multiple industries. Firms within the same sector may possibly respond in the same way to some macroeconomic tendencies although not Other people.
These macroeconomic things is usually variations in sector sentiment within the Section of buyers, for instance a response to a certain function or piece of information. They will also be changes involving the industry itself, including new rules or amplified Uncooked content costs.
An extension of tertiary industry that is usually recognized as its own sector, quaternary industry, is worried about data-dependent or expertise-oriented products and services. Just like the tertiary sector, it comprises a mixture of private and govt endeavours. Industries and things to do On this sector include things like information and facts methods and knowledge technological innovation (IT); investigation and growth, which include technological growth and scientific investigation; economic and strategic Investigation and consulting; media and communications technologies and solutions; and instruction, which include instructing and academic technologies and products and services.