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Industry (economics), a generally categorized branch of economic activity. Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery. The wider industrial sector of an economy, including manufacturing and production of other intermediate or final goods. The general characteristics and production ...
In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry . When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to ...
t. e. " Fourth Industrial Revolution ", " 4IR ", or " Industry 4.0 " [1] is a buzzword and neologism describing rapid technological advancement in the 21st century. The term was popularised in 2016 by Klaus Schwab, the World Economic Forum founder and executive chairman, [2] [3] [4] [5] [6] who says that the changes show a significant shift in ...
The Industrial Revolution, sometimes divided into the First Industrial Revolution and Second Industrial Revolution, was a period of global transition of the human economy towards more widespread, efficient and stable manufacturing processes that succeeded the Agricultural Revolution. Beginning in Great Britain, the Industrial Revolution spread ...
The food industry includes: Agriculture: raising crops, livestock, and seafood. Agricultural economics. Manufacturing: agrichemicals, agricultural construction, farm machinery and supplies, seed, etc. Food processing: preparation of fresh products for market, and manufacture of prepared food products.
Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.
The following outline is provided as an overview of and topical guide to industry: Industry, in economics and economic geography, refers to the production of an economic good or service within an economy.
The chemical industry comprises the companies and other organizations that develop and produce industrial, specialty and other chemicals. Central to the modern world economy , it converts raw materials ( oil , natural gas , air , water , metals , and minerals ) into commodity chemicals for industrial and consumer products .
Heavy industry is an industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment, large machine tools, huge buildings and large-scale infrastructure); or complex or numerous processes.
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy.