AskDefine | Define industry

Dictionary Definition

industry

Noun

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" [syn: manufacture]
3 persevering determination to perform a task; "his diligence won him quick promotions"; "frugality and industry are still regarded as virtues" [syn: diligence, industriousness]

User Contributed Dictionary

English

Pronunciation

Noun

  1. Businesses concerned with goods as opposed to services.
    There used to be a lot of industry around here, but now the economy depends on tourism.
  2. Businesses of the same type, considered as a whole.
    The software and tourism industries continue to grow, while the steel industry remains troubled.
  3. The tendency to work persistently.
    Over the years, their industry and business sense made them wealthy.

Related terms

Translations

businesses that produce goods
category of businesses
tendency to work persistently

Extensive Definition

For other uses of this term, see Industry (disambiguation)

History

Proto-industry

Early industries involved manufacturing goods for trade, including weapons, clothing, pottery. In medieval Europe, industry became dominated by the guilds in cities and towns, who mutual support for the member's interests, and maintained standards of workmanship and ethical conduct.

Industrial development

The industrial revolution led to the development of factories for large-scale production, with consequent changes in society. Originally the factories were steam-powered, but later transitioned to electricity once an electrical grid was developed. The mechanized assembly line was introduced to assemble parts in a repeatable fashion, with individual workers performing specific steps during the process. This led to significant increases in efficiency, lowering the cost of the end process. Later automation was increasingly used to replace human operators. This process has accelerated with the development of the computer and the robot.

Declining industries

Historically certain manufacturing industries have gone into a decline due to various economic factors, including the development of replacement technology or the loss of competitive advantage. An example of the former is the decline in carriage manufacturing when the automobile was mass-produced.
A recent trend has been the migration of prosperous, industrialized nations toward a post-industrial society. This is manifested by an increase in the service sector at the expense of manufacturing, and the development of an information-based economy, the so-called informational revolution. In a post-industrial society, manufacturing is relocated to more economically-favorable locations through a process of offshoring.

Industrial technology

There are several branches of technology and engineering specialised for industrial application. This includes mathematical models, patented inventions and craft skills. See automation, industrial architecture, industrial design, industrial process, industrial arts and industrial applicability.

Industry and society

An industrial society can be defined in many ways. Today, industry is an important part of most societies and nations. A government must have some kind of industrial policy, regulating industrial placement, industrial pollution, financing and industrial labor.

Industrial labor

In an industrial society, industry employs a major part of the population. The labor movement first rose among industrial workers.

Industry and war

The industrial revolution changed warfare, with mass-produced weaponry and supplies, machine-powered transportation, mobilization, the total war concept and weapons of mass destruction. Early instances of industrial warfare were the Crimean War and the American Civil War, but its full potential showed during the world wars. See also military-industrial complex, arms industry, military industry and modern warfare.

Industry and the environment

See pollution and industrial ecology.

Organization, management and economics

Economic views of industry

Philosophers and economists have developed many different views of industry. See physiocrats, Adam Smith, capitalism, Marxism and Colin Clark's Sector model.

Industry sectors and classification

There are many other different kinds of industries, and they are usually divided into different classes or sectors. The primary sector of industry is agriculture, mining and raw material extraction. The secondary sector of industry is manufacturing - which is what is colloquially meant by the word "industry". The tertiary sector of industry is service production. Sometimes one talks about a quaternary sector of industry, consisting of intellectual services such as R&D.
ISIC
ISIC(rev.4) stands for International Standard Industrial Classification of ALL economic activities, the most complete and systematic industrial classification made by United Nations Statistics Division. ISIC Rev.4 is a standard classification of economic activities arranged so that entities can be classified according to the activity they carry out. The categories of ISIC at the most detailed level (classes) are delineated according to what is, in most countries, the customary combination of activities described in statistical units and considers the relative importance of the activities included in these classes. While ISIC Rev.4 continues to use criteria such as input, output and use of the products produced, more emphasis has been given to the character of the production process in defining and delineating ISIC classes. classifications of industry. Industries can also be heavy or light.
Yahoo!Finance
Industry Center by Yahoo!Finance is also very useful (shows Trends of all industrial sectors).

References

industry in Arabic: صناعة
industry in Aragonese: Industria
industry in Azerbaijani: Sənaye
industry in Bengali: শিল্প কারখানা
industry in Belarusian (Tarashkevitsa): Прамысловасьць
industry in Breton: Greanterezh
industry in Bulgarian: Промишленост
industry in Catalan: Indústria
industry in Chuvash: Промăçлăх
industry in Czech: Průmysl
industry in Welsh: Diwydiant
industry in Danish: Industri
industry in German: Industrie
industry in Estonian: Tööstus
industry in Spanish: Industria
industry in Esperanto: Industrio
industry in Basque: Industria
industry in Persian: صنعت
industry in French: Industrie
industry in Friulian: Industrie
industry in Galician: Industria
industry in Korean: 산업
industry in Croatian: Industrija
industry in Indonesian: Industri
industry in Icelandic: Iðnaður
industry in Italian: Industria
industry in Hebrew: תעשייה
industry in Kashubian: Industrëjô
industry in Haitian: Endistri
industry in Lao: ອຸດສາຫະກຳ
industry in Luxembourgish: Industrie
industry in Lithuanian: Pramonė
industry in Limburgan: Industrie
industry in Hungarian: Ipar
industry in Macedonian: Индустрија
industry in Mazanderani: صنعت
industry in Malay (macrolanguage): Industri
industry in Dutch: Industrie
industry in Nepali: उद्योग
industry in Japanese: 産業
industry in Norwegian: Industri
industry in Norwegian Nynorsk: Industri
industry in Novial: Industrie
industry in Occitan (post 1500): Indústria
industry in Low German: Industrie
industry in Polish: Przemysł (ekonomia)
industry in Portuguese: Indústria
industry in Kölsch: Industrie
industry in Romanian: Industrie
industry in Russian: Промышленность
industry in Albanian: Industria
industry in Sicilian: Nnustria
industry in Simple English: Industry
industry in Slovak: Priemysel
industry in Slovenian: Industrija
industry in Serbian: Индустрија
industry in Serbo-Croatian: Industrija
industry in Finnish: Teollisuus
industry in Swedish: Industri
industry in Tamil: தொழிற்துறை
industry in Thai: อุตสาหกรรม
industry in Vietnamese: Công nghiệp
industry in Turkish: Endüstri
industry in Ukrainian: Промисловість
industry in Venetian: Endustria
industry in Waray (Philippines): Industriya
industry in Yiddish: אינדוסטריע
industry in Dimli: Endustriye
industry in Samogitian: Indostrėjė
industry in Chinese: 产业

Synonyms, Antonyms and Related Words

Aktiengesellschaft, activity, aktiebolag, application, ardor, assiduity, assiduousness, balance of trade, big business, body corporate, bulldog tenacity, business, business dealings, business establishment, bustle, cartel, chamber of commerce, combine, commerce, commercial affairs, commercial enterprise, commercial relations, compagnie, company, concentration, concern, conglomerate, conglomerate corporation, consolidating company, consortium, constancy, copartnership, corporate body, corporation, dealing, dealings, determination, diligence, dirty work, diversified corporation, dogged perseverance, doggedness, donkeywork, drudgery, dynamism, earnestness, effort, employment, endurance, energeticalness, energy, engrossment, enterprise, exertion, fag, fair trade, fatigue, fervor, fidelity, firm, free trade, grind, handiwork, handwork, holding company, house, hustle, indefatigability, industriousness, insistence, insistency, intercourse, joint-stock association, joint-stock company, labor, laboriousness, lick, lick of work, loyalty, manual labor, manufacture, market, marketing, mercantile business, merchantry, moil, multilateral trade, obstinacy, operating company, pains, painstaking, painstakingness, partnership, patience, patience of Job, permanence, perseverance, persistence, persistency, pertinaciousness, pertinacity, plodding, plugging, plunderbund, pool, preoccupation, production, public utility, rat race, reciprocal trade, relentlessness, resolution, restraint of trade, scut work, sedulity, sedulousness, single-mindedness, singleness of purpose, slavery, slogging, small business, spadework, stability, stamina, staying power, steadfastness, steadiness, stick-to-itiveness, stock company, strenuousness, stroke, stroke of work, stubbornness, sweat, syndicate, task, tenaciousness, tenacity, the business world, the marketplace, thoroughgoingness, thoroughness, tirelessness, tiresome work, toil, trade, trade association, traffic, travail, treadmill, truck, trust, unilateral trade, unremittingness, unsparingness, unswerving attention, utility, vehemence, vigor, work, zealousness
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