Industry

Industry

Industry (pronunciation: /ˈɪndəstri/) is a term that refers to the production of goods or related services within an economy. The major source of revenue of a group or company is an indicator of what industry it belongs to.

Etymology

The word industry comes from the Latin industria, meaning "diligence, hard work".

Related Terms

• Economy: An area of the production, distribution and trade, as well as consumption of goods and services by different agents.
• Production: The action of making or manufacturing from components or raw materials.
• Goods: Items that satisfy human wants and provide utility.
• Services: Non-tangible items that are an activity, benefit, or satisfaction offered for sale.
• Revenue: The income that a business has from its normal business activities, usually from the sale of goods and services to customers.

See Also

• Manufacturing
• Industrial Revolution
• Industrialization
• Service Industry

External links

• Medical encyclopedia article on Industry
• Wikipedia's article - Industry

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