Industry Meaning: Definition, Examples, and Translations
๐ญ
industry
[หษชndษstri ]
Definitions
in economics
Industry refers to the production of goods or services within an economy. It involves various sectors such as manufacturing, construction, and technology. Industries play a crucial role in the economic growth of a country.
Synonyms
business sector, field, sector.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| industry |
Used to refer to a specific branch of economy or a large organization involved in the production of goods or services.
|
| sector |
A broader term that is used to describe segments of the economy or society, such as public sector, private sector, agricultural sector. Itโs often used in both economic and non-economic contexts.
|
| business 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.
|
| field |
Generally refers to an area of specialization or professional activity. It is often used in academic, scientific, or professional contexts.
|
Examples of usage
- China has a strong industry in manufacturing.
- The automotive industry is a significant contributor to the economy.
- The IT industry is rapidly growing due to technological advancements.
in business
Industry can also refer to a specific sector or category of businesses that are related by the type of goods or services they produce. For example, the entertainment industry includes companies involved in film, television, and music.
Synonyms
business category, field, sector.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| industry |
Used to describe a broader category of economic activity where goods or services are produced.
|
| sector |
Refers to a distinct subset of the economy, typically divided into public, private, and voluntary sectors.
|
| field |
Often used to refer to a specific area of work or study, focusing on professional or academic specialization.
|
| business category |
Applied to define a particular segment within the business world, often for classification or marketing purposes.
|
Examples of usage
- Hollywood is a major player in the entertainment industry.
- The fashion industry is known for its creativity and innovation.
Translations
To see the translation, please select a language from the options available.
Origin of 'industry'
The word 'industry' originated from the Latin word 'industria', meaning diligence or skill. It first appeared in the English language in the 15th century. Over time, the term evolved to encompass the concept of economic activities and production. Today, 'industry' is a fundamental aspect of modern economies, driving innovation, employment, and economic development.
See also: agroindustry, industrial, industrialist, industriously.