Principal industry tends to dominate the economies of undeveloped and building nations, but as secondary and tertiary industries are designed, its share with the economic output tends to decrease.
All weighty industry agro-industry basic industry industry-led industry-extensive inter-industry mild industry See all meanings Idioms and phrases a hive of exercise/industry idiom
Incorporate to word listing Add to phrase listing [ U ] the companies and things to do involved with the production of items available for purchase, esp. in a very manufacturing facility:
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Being familiar with an Industry Comparable corporations are grouped into industries dependant on the main business enterprise pursuits or the key solution they create or offer. This results in industry groups, which often can then be accustomed to independent enterprises from people who take part in unique routines.
Include to phrase record Increase to phrase record B2 [ U ] the companies and routines associated with the process of producing goods available, particularly in a manufacturing facility or Exclusive region:
Buyers and consultants reported the dispute troubled them, especially specified Murray’s standing at the organization and while in the monetary industry In general.
The NAICS is reviewed and revised just about every 5 years, and the most up-to-date version of your system was launched in 2022. This updated Variation of industry codes best displays firm classifications, particularly in industries that have been through massive changes because 2017.
Archaeology. an travel industry awards assemblage of artifacts considered to be unmistakably the do the job of one prehistoric team.
An industry can be a classification that refers to a gaggle of businesses. A business is an entity that is certainly operated to achieve distinct business targets.
The NAICS, formulated by the United States, copyright, and Mexico, will be the regular by which authorities companies classify corporations when compiling statistical facts. From the NAICS hierarchy, corporations that use very similar generation processes are categorized in a similar industry.
Industries might be more grouped into sectors, that's a broader classification that includes multiple industries. Corporations within the same sector may perhaps reply in the same way to some macroeconomic trends although not others.
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captain of industry cottage industry expansion industry weighty industry inter-industry mild industry multi-industry service industry sub-industry