- For other uses of this term, see Industry (disambiguation)
An industry is generally any grouping of businesses that share a common method of generating profits, such as the "music 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.". As-of 2004, Financial services is the largest industry (or category of industries) in the world in terms of earnings.
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. Industrial countries then assumed a capitalist economic policy. Railroads and steam-powered ships began speedily integrating previously impossibly-distant world markets, enabling private companies to develop to then-unheard of size and wealth. Following the Industrial Revolution, perhaps a third of the world's economic output is derived from manufacturing industries—more than agriculture's share, but now less than that of the service sector.
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The Association of Business Schools - RSS Feed - memberrssNew Director for Cranfield School of ManagementProfessor Horwitz will join the School on 1 April 2009 when Professor Michael Osbaldeston takes early retirement. Frank joins Cranfield from the University of Cape Town, Graduate School of Business (UCT GSB), where he is one of the longest serving
Ashridge Awarded Degree Awarding PowersCoinciding with its 50th anniversary as a business school, Ashridge will be awarding its first degrees, including the MBA, in May 2009 at its annual graduation ceremony. Previously, Ashridge qualification programmes were run in partnership with City
First Business School Launches in YorkThe Business School aims to create a collaborative environment of knowledge exchange between the University and a wide range of businesses and local community groups around the region. ;York St John Business School, in collaboration with the Institut
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New book from Ashridge author explores strategic management in the mediaStrategic Management in the Media: theory to practice guides readers through the key concepts and theories of strategic management, clearly explaining their relevance to the diverse sectors of the media, including television, radio, newspapers, music
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Business Associations - Google News Frankfort Avenue Business Association seeks members - Bizjournals.com Wed, 16 Jul 2008 14:54:46 -0000
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Home state groups jump-start Mexican immigrants toward active ... - Dallas Morning News Thu, 17 Jul 2008 01:45:17 -0000
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