Difference between revisions of "Industry"

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==Etymology==
 
==Etymology==
[http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] (Scots) industrie, from Middle French, from [[Latin]] industria, from industrius diligent, from Old Latin indostruus, perhaps from indu  in + -struus (akin to Latin struere to build)  
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[https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] (Scots) industrie, from Middle French, from [[Latin]] industria, from industrius diligent, from Old Latin indostruus, perhaps from indu  in + -struus (akin to Latin struere to build)  
*Date: [http://www.wikpedia.org/wiki/15th_Century 15th century]
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*Date: [https://www.wikpedia.org/wiki/15th_Century 15th century]
 
==Definitions==
 
==Definitions==
 
*1 : [[diligence]] in an employment or pursuit; especially : steady or [[habitual]] [[effort]]
 
*1 : [[diligence]] in an employment or pursuit; especially : steady or [[habitual]] [[effort]]
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==Synonym==
 
==Synonym==
 
*[[Business]]
 
*[[Business]]
 
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<center>For lessons on the related [[topic]] of '''''[[Business]]''''',  follow [https://nordan.daynal.org/wiki/index.php?title=Category:Business '''''this link'''''].</center>
 
==Description==
 
==Description==
 
'''Industry''' refers to the production of an [[economic]] good (either [[material]] or a [[service]]) within an [[economy]].  There are four key industrial [[economic]] sectors: the primary sector, largely raw [[material]] extraction industries such as mining and farming; the secondary sector, involving refining, construction, and [[manufacturing]]; the tertiary sector, which deals with [[services]] (such as [[law]] and [[medicine]]) and [[distribution]] of [[manufactured]] goods; and the quaternary sector, a [[relatively]] new [[type]] of [[knowledge]] industry focusing on technological [[research]], [[design]] and [[development]] such as computer programming, and biochemistry. A fifth, quinary, sector has been proposed [[encompassing]] nonprofit [[activities]]. The economy is also broadly separated into [[public]] sector and [[private]] sector, with industry generally categorized as [[private]]. Industries are also any [[business]] or [[manufacturing]].
 
'''Industry''' refers to the production of an [[economic]] good (either [[material]] or a [[service]]) within an [[economy]].  There are four key industrial [[economic]] sectors: the primary sector, largely raw [[material]] extraction industries such as mining and farming; the secondary sector, involving refining, construction, and [[manufacturing]]; the tertiary sector, which deals with [[services]] (such as [[law]] and [[medicine]]) and [[distribution]] of [[manufactured]] goods; and the quaternary sector, a [[relatively]] new [[type]] of [[knowledge]] industry focusing on technological [[research]], [[design]] and [[development]] such as computer programming, and biochemistry. A fifth, quinary, sector has been proposed [[encompassing]] nonprofit [[activities]]. The economy is also broadly separated into [[public]] sector and [[private]] sector, with industry generally categorized as [[private]]. Industries are also any [[business]] or [[manufacturing]].
  
Industry in the sense of [[manufacturing]] became a key sector of production and labour in European and North American countries during the [http://en.wikipedia.org/wiki/Industrial_Revolution Industrial Revolution], which upset previous mercantile and feudal economies through many [[successive]] rapid advances in [[technology]], such as the steel and coal production. It is aided by [[technological]] advances, and has continued to [[develop]] into new [[types]] and sectors to this day. Industrial countries then assumed a [[capitalist]] [[economic]] policy. [http://en.wikipedia.org/wiki/Railroad Railroads] and [http://en.wikipedia.org/wiki/Steamboat steam-powered ships] began speedily [[establishing]] links with previously unreachable world markets, enabling [[private]] companies to develop to then-unheard of size and [[wealth]]. Following the [http://en.wikipedia.org/wiki/Industrial_Revolution Industrial Revolution], perhaps a third of the world's economic output is derived from [[manufacturing]] industries—more than [[agriculture]]'s share.
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Industry in the sense of [[manufacturing]] became a key sector of production and labour in European and North American countries during the [https://en.wikipedia.org/wiki/Industrial_Revolution Industrial Revolution], which upset previous mercantile and feudal economies through many [[successive]] rapid advances in [[technology]], such as the steel and coal production. It is aided by [[technological]] advances, and has continued to [[develop]] into new [[types]] and sectors to this day. Industrial countries then assumed a [[capitalist]] [[economic]] policy. [https://en.wikipedia.org/wiki/Railroad Railroads] and [https://en.wikipedia.org/wiki/Steamboat steam-powered ships] began speedily [[establishing]] links with previously unreachable world markets, enabling [[private]] companies to develop to then-unheard of size and [[wealth]]. Following the [https://en.wikipedia.org/wiki/Industrial_Revolution Industrial Revolution], perhaps a third of the world's economic output is derived from [[manufacturing]] industries—more than [[agriculture]]'s share.
  
 
[[Category: Economics]]
 
[[Category: Economics]]

Latest revision as of 23:56, 12 December 2020

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Etymology

Middle English (Scots) industrie, from Middle French, from Latin industria, from industrius diligent, from Old Latin indostruus, perhaps from indu in + -struus (akin to Latin struere to build)

Definitions

b : a department or branch of a craft, art, business, or manufacture; especially : one that employs a large personnel and capital especially in manufacturing
c : a distinct group of productive or profit-making enterprises <the banking industry>
d : manufacturing activity as a whole <the nation's industry>

Synonym

For lessons on the related topic of Business, follow this link.

Description

Industry refers to the production of an economic good (either material or a service) within an economy. There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction, and manufacturing; the tertiary sector, which deals with services (such as law and medicine) and distribution of manufactured goods; and the quaternary sector, a relatively new type of knowledge industry focusing on technological research, design and development such as computer programming, and biochemistry. A fifth, quinary, sector has been proposed encompassing nonprofit activities. The economy is also broadly separated into public sector and private sector, with industry generally categorized as private. Industries are also any business or manufacturing.

Industry in the sense of manufacturing became a key sector of production and labour in European and North American countries during the Industrial Revolution, which upset previous mercantile and feudal economies through many successive rapid advances in technology, such as the steel and coal production. It is aided by technological advances, and has continued to develop into new types and sectors to this day. Industrial countries then assumed a capitalist economic policy. Railroads and steam-powered ships began speedily establishing links with previously unreachable world markets, enabling private companies to develop to then-unheard of size and wealth. Following the Industrial Revolution, perhaps a third of the world's economic output is derived from manufacturing industries—more than agriculture's share.