Economic Industry

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An Economic Industry is a branch of an economy that produces a closely related set of raw materials, goods, or services.




  • (Wikipedia, 2016) ⇒ Retrieved:2016-9-27.
    • Industry is the production of goods or related services within an economy. [1] The major source of revenue of a group or company is the indicator of its relevant industry. When a large group has multiple sources of revenue generation, it is considered to be working in different industries. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This come through many successive rapid advances in technology, such as the production of steel and coal.

      Following the Industrial Revolution, possibly a third of the world's economic output is derived that is from manufacturing industries. Many developed countries and many developing semi-developed countries (People's Republic of China, India etc.) depend significantly on manufacturing industry. Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web of interdependence.



  • (WordNet, 2009) ⇒
    • S: (n) industry (the people or companies engaged in a particular kind of commercial enterprise) "each industry has its own trade publications"
    • S: (n) industry, manufacture (the organized action of making of goods and services for sale) "American industry is making increased use of computers to control production"
    • S: (n) diligence, industriousness, industry (persevering determination to perform a task) "his diligence won him quick promotions"; "frugality and industry are still regarded as virtues"