industry

  

Definitions (2)

1.The manufacturing or technically productive enterprises in a particular field, country, region, or economy viewed collectively, or one of these individually. A single industry is often named after its principal product; for example, the auto industry. For statistical purposes, industries are categorized generally according a uniform classification code such as Standard Industrial Classification (SIC).
2.Any general business activity or commercial enterprise that can be isolated from others, such as the tourist industry or the entertainment industry.

Use industry in a sentence

  • The marijuana industry in Colorado has a series of problems, the biggest being that marijuana is still against Federal Law.

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  • The auto industry was given a massive bail-out after the recession of 2007-2008 with an influx of money, intending to save jobs and the local economy.

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  • Johann had worked in the automotive industry for more than fifteen years, doing everything from automotive repairs to commission-based sales.

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Notable Quotes

  • Glamorous Businesses versus Dull Businesses
    "Glamour has nothing to do with a niche's appeal. A dull business run by a good businessman is far better than a glamorous business with mediocre management. And even if the glamorous business is run by a genius, often, in that kind of industry, its competitors are also geniuses, so nobody has an advantage, as I've commented about high-tech companies."
    - Ralph Wanger

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