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Industry

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Industry



An industry is generally any grouping of businesses that share a common method of generating profits, such as the "movie industry", the “automobile industry", or the "cattle industry".

It is also used  specifically to refer to an area of economic production focused on  manufacturing which involves large amounts of capital investment before  any profit can be realized, also called "heavy industry".

Industry in the second sense became a key sector of production in European and North American countries during the Industrial Revolution, which upset previous mercantile and feudal economies through many successive rapid advances in technology, such as the development of steam engines, power looms, and advances in large scale steel and coal production.

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