business, commerce, trade, industry, traffic mean activity concerned with the supplying and distribution of commodities. business may be an inclusive term but specifically designates the …

Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships. Through these classifications, economists are able to …

Apr 11, 2025 · What Is an Industry? The term “industry” is a classification for a group of companies that have similar business activities. In modern economies, there are dozens of …

INDUSTRY definition: 1. the companies and activities involved in the process of producing goods for sale, especially in…. Learn more.

INDUSTRY meaning: 1 : the process of making products by using machinery and factories; 2 : a group of businesses that provide a particular product or service

in•dus•try (ˈɪn də stri) n., pl. -tries. 1. the aggregate of manufacturing enterprises in a particular field: the steel industry. 2. any general business activity: the tourist industry. 3. trade or …

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