Difference between revisions of "Industry"

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Latest revision as of 03:51, 23 March 2008

An industry is generally any grouping of businesses that shares a common method of generating profits, such as the "movie industry", the "automobile industry", or the "cattle industry". It is also used specifically to refer to an area of economic production focused on manufacturing which involves large amounts of upfront capital investment before any profit can be realized, also called "heavy industry."