Key industry has a tendency to dominate the economies of undeveloped and developing nations, but as secondary and tertiary industries are produced, its share with the financial output has a tendency to lower.
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the economic climate grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming
the combination of labor, scholarship, and ancillary exercise in a selected area, typically named after its principal topic:
Industries vs. Sectors Sectors and industries are classifications utilized to group very similar varieties of company operations. Having said that, sectors are broader than industries.
the car/electronics/development industry In the construction industry, as in other industries, mechanization has had a major affect.
Investors and consultants reported the dispute troubled them, Specifically presented Murray’s position within the business and during the economical industry Total.
Buyers seeking far better accomplishing stocks and ETFs generally analyze the most effective doing industries along with enjoy industry rankings for improvements. One example is, buyers may see a crimson flag exactly where an financial commitment is worried check here once they see an industry that's declined in rank.
Archaeology. an assemblage of artifacts viewed as unmistakably the do the job of an individual prehistoric group.
Rite Support Corp. and Hole Inc. are members of exactly the same shopper products sector, but Just about every is detailed in a special industry according to the products which they develop or sell.
[ C ] the men and women and functions involved in 1 sort of company that generates items or offers expert services:
industry figures/facts/average The auto maker spends $581 far more on distribution for every auto compared to the industry common.
You'll find eight meanings detailed in OED's entry for that noun industry, two of which happen to be labelled obsolete. See ‘Indicating & use’ for definitions, usage, and quotation evidence.
It’s crucial to Observe that just one company can reside in two distinctive industries or two diverse sectors. Along with getting inside The patron merchandise sector, Ceremony Support is considered Element of the personal providers sector too, in the photofinishing laboratories industry.