Main industry has a tendency to dominate the economies of undeveloped and creating nations, but as secondary and tertiary industries are made, its share in the economic output tends to decrease.
[ C ] disapproving something that is developed or is available in massive quantities and would make a lot of money:
Incorporate to phrase listing Insert to term record [ U ] the businesses and pursuits involved with the manufacture of merchandise on the market, esp. inside of a manufacturing unit:
These examples are from corpora and from resources on the internet. Any thoughts from the examples tend not to represent the feeling in the Cambridge Dictionary editors or of Cambridge University Push or its licensors.
Work gains in provider industries which include health treatment and banking offset losses in these types of parts as construction.
the car/electronics/development industry In the development industry, as in other industries, mechanization has had An important effects.
On this analogy, each year represents 7 decades With this industry — since they are certainly extreme types.
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Licensee: Definition and Types A licensee is a business, entity, or person which includes legal authorization to perform pursuits utilizing something which An additional bash owns or click here controls.
The NAICS, made by America, copyright, and Mexico, is the regular by which authorities agencies classify companies when compiling statistical information. Within the NAICS hierarchy, businesses that use comparable production procedures are categorized in the identical industry.
Industries could be more grouped into sectors, that is a broader classification that features a number of industries. Firms inside the same sector may perhaps reply similarly to some macroeconomic tendencies but not Many others.
These macroeconomic aspects could be variations in market sentiment about the A part of buyers, for instance a response to a particular event or piece of information. They can also be adjustments involving the industry alone, including new regulations or amplified Uncooked content expenditures.
An extension of tertiary industry that is frequently identified as its own sector, quaternary industry, is concerned with information and facts-centered or understanding-oriented products and services. Much like the tertiary sector, it comprises a mix of private and federal government endeavours. Industries and things to do Within this sector involve data units and information technological innovation (IT); exploration and enhancement, such as technological growth and scientific exploration; money and strategic Investigation and consulting; media and communications systems and companies; and education and learning, which includes instructing and academic systems and expert services.