1. The manufacturing or technically productive enterprises in a particular field, country, region, or economy viewed collectively, or one of these individually. A single industry is often named after its principal product; for example, the auto industry. For statistical purposes, industries are categorized generally according a uniform classification code such as Standard Industrial Classification (SIC).
2. Any general business activity or commercial enterprise that can be isolated from others, such as the tourist industry or the entertainment industry.
Use 'industry' in a Sentence
The marijuana industry in Colorado has a series of problems, the biggest being that marijuana is still against Federal Law.
The auto industry was given a massive bail-out after the recession of 2007-2008 with an influx of money, intending to save jobs and the local economy.
Johann had worked in the automotive industry for more than fifteen years, doing everything from automotive repairs to commission-based sales.
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Notable Quotable
Glamorous Businesses versus Dull Businesses
"Glamour has nothing to do with a niche's appeal. A dull business run by a good businessman is far better than a glamorous business with mediocre management. And even if the glamorous business is run by a genius, often, in that kind of industry, its competitors are also geniuses, so nobody has an advantage, as I've commented about high-tech companies."
The Growth of a Start-Up and Its Industry
"The growth of a start-up depends less on an entrepreneur's talent than on the business he chooses. Sorry to deflate some egos here, but the industry you choose to start your company has a huge effect on the odds that it will grow. Over the past twenty years or so, about 4.2 percent of all start-ups in the computer and office equipment industry made the Inc 500 list of the fastest growing private companies in the U.S. 0.005 percent of start-ups in the hotel and motel industry and 0.007 percent of start-up eating and drinking establishments made the Inc. 500. That means the odds that you will make the Inc 500 are 840 times higher if you start a computer company than if you start a hotel or motel. There is nothing anyone has discovered about the effects of entrepreneurial talent that has a similar magnitude effect on the growth of new businesses."