key industry

Definition

An industry that is vital to the economy in a country. For example, in the US, the financial services industry is a key industry because it supports many American jobs.

Use key industry in a sentence

They were a key industry and everyone needed them in order for everyone to thrive and remain steady in the future.

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

A secret I use when investing since I like low risk investments is to invest in key industry sectors as these are less volatile and still offer decent returns.

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

In Detroit, automobile manufacturing is the key industry, with a large percentage of the population, as well as the local economy, being dependent on its success and growth.

​ Was this Helpful? YES  NO 9 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
key holding key lot