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When a collection of unique firms run in a similar manner and generate similar output, They could be grouped together and labeled as Component of exactly the same industry.
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What's an Industry? The time period "industry" can be a classification for a gaggle of firms which have equivalent business functions. In contemporary economies, you can find dozens of industry classifications. Industries ordinarily are grouped into much larger categories named sectors.
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These firms have equivalent services, and may frequently answer in equivalent solutions to macroeconomic traits. Because of this, their stock costs usually transfer up or down at the same time.
All large industry agro-industry standard industry click here industry-led industry-wide inter-industry gentle industry See all meanings Idioms and phrases a hive of activity/industry idiom
Increase to phrase record Increase to word record [ U ] the businesses and actions associated with the creation of merchandise:
His excellent abilities and untiring industry had been under the course of philanthropic and Christian impulses.
These examples are programmatically compiled from different on the net sources As an instance latest use of your term 'industry.' Any opinions expressed while in the illustrations usually do not symbolize Those people of Merriam-Webster or its editors. Mail us responses about these examples.
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The extractive industries consist of the mining of mineral ores, the quarrying of stone, as well as the extraction of mineral fuels.