Industry: meaning, definitions and examples

Used to refer to a specific branch of economy or a large organization involved in the production of goods or services.

• The technology industry has seen significant growth in recent years.
• She works in the automotive industry, focusing on electric vehicles.

A broader term that is used to describe segments of the economy or society, such as public sector, private sector, agricultural sector. It’s often used in both economic and non-economic contexts.

• The public sector is responsible for providing essential services to citizens.
• Government policies have a significant impact on the agricultural sector.

This term refers to divisions within the economy that include companies producing goods or services. It's often used in economic or financial discussions.

• The financial business sector has been hit hard by the recent economic downturn.
• Investments in the healthcare business sector have been on the rise.

Generally refers to an area of specialization or professional activity. It is often used in academic, scientific, or professional contexts.

• She is a leading researcher in the field of genetics.
• Many new graduates are finding opportunities in the field of renewable energy.

Used to describe a broader category of economic activity where goods or services are produced.

• The automobile industry has been struggling recently
• The tech industry is booming with innovations

Refers to a distinct subset of the economy, typically divided into public, private, and voluntary sectors.

• The public sector provides essential services like healthcare and education
• The private sector is driven by profit

Often used to refer to a specific area of work or study, focusing on professional or academic specialization.

• She has been working in the medical field for over a decade
• I'm considering a career in the field of environmental science

Applied to define a particular segment within the business world, often for classification or marketing purposes.

• Our products fall under the home appliances business category
• The business category for this new line is health and wellness