Industry
hideAn industry (from Latin industrius, "diligent, industrious") is the manufacturing of a good or service within a category. Although industry is a broad term for any kind of economic production, in economics and urban planning industry is a synonym for the secondary sector, which is a type of economic activity involved in the manufacturing of raw materials into goods and products.
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.
Many developed countries (for example the UK, the U.S., and Canada) and many developing/semi-developed countries (People's Republic of China, India etc.) depend significantly on industry. Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web of interdependence.
For more information about Industry, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with industry
GE, Vivendi deal paves way for NBC sale to Comcast
8 hours ago |
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(AP) -- General Electric Co.'s agreement to buy out the rest of NBC Universal paves the way for it to sell control of the TV and movie company to Comcast Corp. in a deal that promises to reshape the entertainment ...
Is it right for drug companies to carry out their own clinical trials?
22 hours ago |
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In BMJ today two experts debate whether the conflict of interest is unacceptable when drug companies carry out clinical trials on their own medicines.
Half of Euro online travel purchases legally unsafe: EU
Nov 26, 2009 |
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More than half of all people who buy flights, hotel rooms and hire cars online risk being left without compensation if companies fail under outdated law, the EU said Thursday.
Rescuing male turkey chicks
Nov 23, 2009 |
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A novel approach to classify the gender of six-week-old turkey poults could save millions of male chicks from being killed shortly after birth, according to Dr. Gerald Steiner from the Dresden University of Technology in ...
Funeral industry workers exposed to formaldehyde face higher risk of leukemia
Nov 20, 2009 |
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Long durations of exposure to formaldehyde used for embalming in the funeral industry were associated with an increased risk of death from myeloid leukemia, according to a new study published online November 20 in the Journal of ...
Scientists synthesize graphene-like material: Polymer with honeycomb structure
Nanotechnology / Nanomaterials
Nov 19, 2009 |
4.4 / 5 (12) |
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Two-dimensional carbon layers, so-called graphenes, are regarded as a possible substitute for silicon in the semiconductor industry. The electronic properties of these layers can be varied by "building in" ...
Doubts raised on nuclear industry viability
Nov 19, 2009 |
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(PhysOrg.com) -- The investment in nuclear power has been growing around the world over the last few years, being viewed as a means for countries to control their energy security, avoid the price fluctuations ...
'Uncharted 2' leads Video Game Award nominations
Nov 18, 2009 |
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(AP) -- "Uncharted 2: Among Thieves" has seized a leading eight nominations for this year's Video Game Awards, Spike TV announced Wednesday.
MySpace in talks to buy imeem
Nov 17, 2009 |
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(AP) -- Online social hub MySpace is in talks to acquire struggling free music streaming site imeem, two people familiar with the matter said Tuesday.
One word: bioplastics
Nov 17, 2009 |
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(PhysOrg.com) -- Every year, more than 250 billion pounds of plastic are produced worldwide. Much of it ends up in the world's oceans, a fact that troubles MIT biology professor Anthony Sinskey.
Vaccines on horizon for AIDS, Alzheimer's, herpes
Medicine & Health / Medications
Nov 17, 2009 |
3.8 / 5 (4) |
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(AP) -- Malaria. Tuberculosis. Alzheimer's disease. AIDS. Pandemic flu. Genital herpes. Urinary tract infections. Grass allergies. Traveler's diarrhea. You name it, the pharmaceutical industry is working ...
Expert advises automakers to take it slow on road to recovery
Nov 13, 2009 |
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(PhysOrg.com) -- Supply chain expert Panos Kouvelis says it's time for the auto industry to go through a period of capacity rationalization.
Google, Yahoo call for expanded online drug ads
Nov 12, 2009 |
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(AP) -- Google, Yahoo and other Web companies joined the pharmaceutical industry Thursday in urging federal regulators to make it easier to pitch drugs in online advertisements.
GE to sell security unit to United Technologies
Nov 12, 2009 |
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US conglomerate General Electric on Thursday announced it would sell its security unit to United Technologies Corp. for 1.82 billion dollars.
New explanation for nature's hardiest life form
Nov 12, 2009 |
4.3 / 5 (8) |
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Got food poisoning? The cause might be bacterial spores, en extremely hardy survival form of bacteria, a nightmare for health care and the food industry and an enigma for scientists. Spore-forming bacteria, present almost ...
