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In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry. When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to classify ...
Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets. National and international statistical agencies use various industry-classification schemes ...
Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery. The wider industrial sector of an economy, including manufacturing and production of other intermediate or final goods. The general characteristics and production methods common to an industrial society. Industrialization, the transformation ...
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [ 1 ] into which S&P has categorized all major public companies.
Manufacturing provides important material support for national infrastructure and also for national defense. On the other hand, most manufacturing processes may involve significant social and environmental costs. The clean-up costs of hazardous waste, for example, may outweigh the benefits of a product that creates it.
The following outline is provided as an overview of and topical guide to industry: Industry , in economics and economic geography , refers to the production of an economic good or service within an economy .
The Standard Industrial Classification (SIC) was a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas. Similar SIC systems are also used by ...
Amazon Go, a cashierless store enabled by computer vision, deep learning, and sensor fusion. " Fourth Industrial Revolution ", " 4IR ", or " Industry 4.0 " [ 1 ] is a neologism describing rapid technological advancement in the 21st century. [ 2 ] The term was popularised in 2016 by Klaus Schwab, the World Economic Forum founder and executive ...