Industry - production of a good or service. The consideration sectors of the world economy, classification them by certain categories. Methods of foresight and technology forecasting the most companies in the industry today. The study of economic trends.
Introduction Industry is the production of a good or service within an economy. Manufacturing industry became a key sector of production and labor in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This occurred through many successive rapid advances in technology, such as the production of steel and coal. Following the Industrial Revolution, perhaps a third of the worlds economic output is derived from manufacturing industries. Industries can be classified in a variety of ways. At the top level, industry is often classified into sectors: Primary Industry: The agricultural, farming and fisheries businesses come under this head. Secondary Industry: The industries that utilize machines, factories or human labor to convert raw materials into a processed final product. The manufacturing industries, or heavy industry, are typical examples of Secondary Industry types. Tertiary Industry: Services-based industries are known as tertiary indust
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