The category describing a company's primary business activity. This category is usually determined by the largest portion of revenue. Bloomberg Financial Dictionary
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industry in‧dus‧try [ˈɪndəstri] noun industries PLURALFORM
• Growth in productivity has dropped, and the competitiveness of industry has declined.
2. [uncountable] the people and organizations that work in industry:
• an agreement that will be welcomed by both sides of industry (= employers and workers ) .
• He joined ICI after working in the retailing and banking industries.
an industry that many other industries in an economy depend on:
• companies in basic industries, such as chemicals, oil, or steel
an industry which needs a lot of money for equipment, machinery etc:
• large, capital-intensive industries such as steel and mining
1. [countable] an industry consisting of people who work from home, making things such as toys or clothes
2. [countable] informal an industry consisting of small businesses operating from home:
• There is a huge cottage industry of proprietors running nursing homes for elderly people.
deˈclining ˌindustry [countable] COMMERCE
an industry that is gradually getting smaller and less important:
• labour lay-offs in declining industries such as textiles and coal
an industry that a country considers is very important to its economy and may support with government money, taxes on imports etc:
• The continent's biggest, most essential industries - electronics and cars - need tariff protection and aid money.
exˈtractive ˌindustry [countable] COMMERCE
an industry where materials, such as oil and coal, are obtained from under the ground in Drilling, Mining, and Quarrying
an industry that is growing fast:
• They moved away from steel to tourism, which is a growth industry.
an industry involving heavy machinery, large factories etc, or these industries considered as a whole:
• heavy industry, including coal mining, mechanical engineering and ship building
ˈheritage ˌindustry [uncountable] COMMERCE
the business activity of managing places that are related to a country's past and bringing tourists to them:
• The heritage industry brings large numbers of foreign tourists to old country houses and historic towns.
ˈhigh-tech ˌindustry also hi-tech industry [countable] COMMERCE
an industry using or involving advanced methods and the most modern equipment:
• such important high-tech industries as chemicals, drugs and aircraft
an industry in its early stages of development in a particular country:
• The insurance industry here is an infant industry, and we should try to protect it.
ˈknowledge ˌindustry [countable] COMMERCE
an industry where success depends on obtaining, managing, and using knowledge in a particular area:
• knowledge industries such as computer software
an industry needing a lot of people to operate, usually
manual worker S:
• Many manufacturers in labor-intensive industries in Taiwan have moved operations to China.
an industry that provides goods or services for activities that people do for entertainment and enjoyment:
• The leisure industry soaks up approximately 12% of the average American's income.
an industry needing only light machinery, small factories etc, for example electronics, or these industries considered as a whole:
• Light industries grew at 12.1% last year, fuelled by rising demand for televisions and washing machines.
ˈlow-tech ˌindustry [countable] COMMERCE
an industry not using very advanced methods or very advanced equipment:
• The mining industry has gone from being a low-tech industry to a high-tech industry, and that means more production with fewer people.
an industry that makes goods, rather than providing services, or these industries considered as a whole:
• Manufacturing industries, particularly aerospace firms, are reasonably healthy.
• Orders to Germany's manufacturing industry have been declining and industrial output has fallen.
an industry which is not new and has little growth or no growth, and little chance of further growth in the future:
• Insurance broking is a mature industry, where revenue growth is slow.
ˈprimary ˌindustry [countable, uncountable] ECONOMICS
an industry involved in the production of
raw material S,
fuel etc, or these industries considered as a whole:
• primary industries like mining, quarrying and oil and gas production
ˈregulated ˌindustry [countable] COMMERCE
an industry that is closely controlled by the government:
• regulated industries such as trucking and airlines
ˈsecondary ˌindustry [countable, uncountable] ECONOMICS
an industry that makes goods, rather than producing
raw material S (= basic materials used to make goods) or providing services, or these industries considered as a whole:
• They wanted to develop a series of secondary industries: sawmilling, building, textiles and cider-making.
ˈservice ˌindustry [countable, uncountable] COMMERCE
a type of business such as banking or tourism that provides services, or these activities considered as a whole:
• A large part of the workforce switched from manufacturing to service industries in the 1980s.
• Most of the recently created jobs have been in the service industry and the retail sector.
• China's steel mills, auto plants and other smokestack industries are gathered in the industrial belt.
an industry that a country considers very important for its economic development:
• No one in France wanted to see such a strategic industry as nuclear power pass out of the public sector.
• sunrise industries including biotechnology, computer technology and robotics
an industry involved in an old
technology, often in an old industrial area, and often one which is getting smaller:
• The EU has often been engaged in protecting sunset industries such as the steel industry.
ˈtertiary ˌindustry [countable, uncountable] COMMERCE
an industry providing services, rather than one producing raw materials or goods, or these industries considered as a whole:
• Tertiary industry already accounts for half of Shanghai's output, and its mayor wants to further develop financial services and tourism.
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industry UK US /ˈɪndəstri/ noun (plural industries) ECONOMICS, PRODUCTION
► [
U] »
We hope the government listens to the concerns of industry and drops its plans to introduce another crippling tax on business.
»
domestic/global/international industry
in industry »
The largest firms only account for one in four jobs in industry.
go/move into industry »
Another top accountant has moved into industry.
► [
C]
the car/electronics/construction industry »
In the construction industry, as in other industries, mechanization has had a major impact.
»
the advertising/banking/insurance industry
»
the music/movie/entertainment industry
»
Job gains in service industries such as health care and banking offset losses in such areas as construction.
»
a global/growing/leading industry
»
an industry consultant/expert/observer
industry figures/data/average »
The auto maker spends $581 more on distribution per car than the industry average.
→
See also AGRO-INDUSTRY(
Cf. ↑
agro-industry),
BASIC INDUSTRY(
Cf. ↑
basic industry),
CAPTAIN OF INDUSTRY(
Cf. ↑
captain of industry),
COTTAGE INDUSTRY(
Cf. ↑
cottage industry),
THE DEPARTMENT OF TRADE AND INDUSTRY(
Cf. ↑
the Department of Trade and Industry),
ESSENTIAL INDUSTRY(
Cf. ↑
essential industry),
EXTRACTIVE INDUSTRY(
Cf. ↑
extractive industry),
GROWTH INDUSTRY(
Cf. ↑
growth industry),
HEAVY INDUSTRY(
Cf. ↑
heavy industry),
HERITAGE INDUSTRY(
Cf. ↑
heritage industry),
INFANT INDUSTRY(
Cf. ↑
infant industry),
KNOWLEDGE INDUSTRY(
Cf. ↑
knowledge industry),
LIGHT INDUSTRY(
Cf. ↑
light industry),
MANUFACTURING INDUSTRY(
Cf. ↑
manufacturing industry),
MATURE INDUSTRY(
Cf. ↑
mature industry),
PRIMARY INDUSTRY(
Cf. ↑
primary industry),
REGULATED INDUSTRY(
Cf. ↑
regulated industry),
SECONDARY INDUSTRY(
Cf. ↑
secondary industry),
SERVICE INDUSTRY(
Cf. ↑
service industry),
SMOKESTACK INDUSTRY(
Cf. ↑
smokestack industry),
STRATEGIC INDUSTRY(
Cf. ↑
strategic industry),
SUNRISE INDUSTRY(
Cf. ↑
sunrise industry),
SUNSET INDUSTRY(
Cf. ↑
sunset industry),
TERTIARY INDUSTRY(
Cf. ↑
tertiary industry)