industry
/ˈɪndəstri/ noun (plural industries) ECONOMICS, PRODUCTIONDefinition
› [U] the companies and activities involved in the production of goods: We hope the government listens to the concerns of industry and drops its plans to introduce another crippling tax on business. domestic/global/international industryin 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 people and activities involved in one type of business that produces goods or offers services: 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/observerindustry figures/data/average The auto maker spends $581 more on distribution per car than the industry average.
→ See also agro-industry, basic industry, captain of industry, cottage industry, the Department of Trade and Industry, essential industry, extractive industry, growth industry, heavy industry, heritage industry, infant industry, knowledge industry, light industry, manufacturing industry, mature industry, primary industry, regulated industry, secondary industry, service industry, smokestack industry, strategic industry, sunrise industry, sunset industry, tertiary industry(Definition of industry noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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