Industry vs. Sector

By Jaxson

  • Industry

    An industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry. When a large group has multiple sources of revenue generation, it is considered to be working in different industries. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This came through many successive rapid advances in technology, such as the production of steel and coal.

    Following the Industrial Revolution, possibly a third of the economic output comes from manufacturing industries. Many developed countries and many developing/semi-developed countries (China, India etc.) depend significantly on manufacturing industry.

Wikipedia
  • Industry (noun)

    The tendency to work persistently. Diligence.

    “Over the years, their industry and business sense made them wealthy.”

  • Industry (noun)

    Businesses of the same type, considered as a whole. Trade.

    “The software and tourism industries continue to grow, while the steel industry remains troubled.”

    “The steel industry has long used blast furnaces to smelt iron.”

  • Industry (noun)

    Businesses that produce goods as opposed to services.

  • Industry (noun)

    The sector of the economy consisting of large-scale enterprises.

    “There used to be a lot of industry around here, but now the economy depends on tourism.”

  • Industry (noun)

    Automated production of material goods{{cite-web

  • Industry (noun)

    A typological classification of stone tools, associated with a technocomplex.

  • Sector (noun)

    section

  • Sector (noun)

    zone (designated area).

  • Sector (noun)

    part of a circle, extending to the center

  • Sector (noun)

    fixed-sized unit (traditionally 512 bytes) of sequential data stored on a track of a digital medium (compare to block)

  • Sector (noun)

    an area designated by boundaries within which a unit operates, and for which it is responsible

  • Sector (noun)

    one of the subdivisions of a coastal frontier

  • Sector (noun)

    a fictional region of space designated for navigational or governance purposes.

  • Sector (noun)

    an instrument consisting of two rulers of equal length joined by a hinge.

  • Sector (noun)

    a field of economic activity

    “public sector;”

    “private sector”

  • Sector (noun)

    A toothed gear whose face is the arc of a circle.

Wiktionary
  • Industry (noun)

    economic activity concerned with the processing of raw materials and manufacture of goods in factories

    “new investment incentives for British industry”

  • Industry (noun)

    a particular form or branch of economic or commercial activity

    “the car industry”

  • Industry (noun)

    an activity or domain in which a great deal of effort is expended

    “the Shakespeare industry”

  • Industry (noun)

    hard work

    “the kitchen became a hive of industry”

  • Sector (noun)

    an area or portion that is distinct from others

    “operations in the southern sector of the North Sea”

  • Sector (noun)

    a distinct part or branch of a nation’s economy or society or of a sphere of activity such as education

    “the government aimed to reassure the industrial and commercial sector”

  • Sector (noun)

    a subdivision of an area for military operations.

  • Sector (noun)

    a subdivision of a track on a magnetic disk.

  • Sector (noun)

    the plane figure enclosed by two radii of a circle or ellipse and the arc between them.

  • Sector (noun)

    a mathematical instrument consisting of two arms hinged at one end and marked with sines, tangents, etc. for making diagrams.

Oxford Dictionary

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