A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g. semiconductors) or a more generic business activity (e.g. consumer durables). If a company participates in multiple business activities, it is usually considered to be in the industry in which most of its revenues are derived.

Use industry in a sentence

The CEOs of the oil & gas industry gathered for a symposium on recent drilling issues in the Marcellus shale of Western Pennsylvania.

​ Was this Helpful? YES  NO 8 people found this helpful.

I really liked them as an industry and would continue to use them as long as they were in business.

​ Was this Helpful? YES  NO 10 people found this helpful.

There are many types of people that must come together in today's society in order to turn the wheels of industry and provide the services we all rely upon every day.

​ Was this Helpful? YES  NO 11 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
International Standard Industrial Classification Institute For Supply Management (ISM)