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Industry (economics) - Wikipedia Economists may regard the manufacture of vehicles as a foundational industry and as a bellwether industry [1] In microeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services [2] For example, one might refer to the wood industry or to the insurance industry
Industry: Definition in Business and Investing - Investopedia What Is an Industry? The term “industry” is a classification for a group of companies that have similar business activities In modern economies, there are dozens of industry classifications
Industry Definition Meaning | Britannica Dictionary INDUSTRY meaning: 1 : the process of making products by using machinery and factories; 2 : a group of businesses that provide a particular product or service
Key Industries – Washington State Department of Commerce Washington’s economy is vibrant and full of transformational entrepreneurs who changed the way we do business across the globe With more than a half million businesses in the state, we truly offer something for everyone by spanning nearly every industry and profession imaginable
Growth industries to watch in 2025 | McKinsey In every era, promising pockets of the industrial landscape emerge to transform the economy These burgeoning “arenas of competition”—“arenas,” for short—are industries with the fastest growth and the most competitive dynamism Our 2024 research, which identified arenas’ core characteristics of high growth and dynamism, found 12 such industries—a group that included cloud
Industry Explained: Types, Classification, and How It Works Industry defined An industry is an economic activity that goes beyond just factory walls While manufacturing certainly plays a major role, the term encompasses a much broader landscape Industry refers to the entire system of businesses and organizations that produce goods and services
Key Industries - Economic Development | seattle. gov We work to equip our local workforce with in-demand skills that meet industry needs, help businesses grow, and build pathways to rewarding careers Our Partners Information about our workforce development partnerships