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

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

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

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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.

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farther out, farther in book-to-bill ratio