Key industry has a tendency to dominate the economies of undeveloped and establishing nations, but as secondary and tertiary industries are developed, its share on the economic output tends to lower.
He bolstered the gross sales staff members and set out right after new consumers in finance, Health care, and other industries.
Add to term record Add to word checklist [ U ] the businesses and functions involved with the creation of merchandise:
the combination of work, scholarship, and ancillary action in a selected discipline, often named just after its principal topic:
Being familiar with an Industry Very similar organizations are grouped into industries according to the key enterprise things to do or the key product they deliver or promote. This results in industry teams, which may then be accustomed to individual organizations from people who participate in unique actions.
Add to term listing Add to word record B2 [ U ] the companies and pursuits involved in the entire process of developing read more items for sale, particularly in a manufacturing facility or Exclusive spot:
Buyers and consultants mentioned the dispute troubled them, Particularly given Murray’s standing at the organization and inside the financial industry Total.
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Ceremony Aid Corp. and Hole Inc. are members of exactly the same buyer goods sector, but Each individual is stated in a distinct industry dependant on the products that they deliver or offer.
[ C ] the people and actions associated with one particular variety of company that creates items or gives companies:
Industries can be further more grouped into sectors, which happens to be a broader classification that features multiple industries. Enterprises in the same sector may well react similarly to some macroeconomic traits although not Other people.
Mild, or tiny-scale, industry could possibly be characterized from the nondurability of manufactured goods along with a smaller sized capital investment in crops and devices, and it could include nonstandard items, like custom made or craft get the job done.
the aggregate of manufacturing or technically successful enterprises in a particular industry, often named just after its principal product or service: