Industry Meaning and Definition
Industry
Pronunciation
/ˈɪndʌstri/
Part of Speech
Noun
Definition
A sector or business activity that produces goods or services on a large scale, typically characterized by the use of machines and paid labor, and often associated with economic growth and development.
Examples
- The emerging industry of renewable energy is creating new job opportunities.
- The country’s manufacturing industry is the backbone of its economy.
Synonyms
- Economy
- Business
Antonyms
- Craft
- Small-scale
Etymology
The word industry is derived from the Latin industrius, meaning diligent or industrious, and was first used in English in the 14th century.
Usage Notes
Industry is often used to describe a specific sector or sector of an economy, such as the healthcare industry or the technology industry. It can also be used more broadly to refer to all the sectors and businesses that make up an economy.
Cultural References
Industry has been referenced in various forms of media, such as the industrial drama “The Wire” and the term “Industry 4.0” which refers to the fourth industrial revolution.
Idiomatic Expressions or Phrases
In the phrase “industry insider”, an industry insider is an individual with extensive knowledge and experience within a particular industry.
Related Words or Phrases
- Economic development
- Business growth
Collocations
- Business industry
- Manufacturing industry
Frequency of Use
The word industry is commonly used in both formal and informal settings, and its frequency of use has increased in recent years due to the growing importance of the sector in many economies.
Common Misspellings
- Indusrty
- Indusry