There are also industries in services sector such as the banking industry or the insurance industry. An industry covers all economic activities that are organized and carried on by all individuals, units, firms, businesses, and organizations existing and working inside it.
Coming from Engineering cum Human Resource Development background, has over 10 years experience in content developmet and management. Your email address will not be published. Leave a Reply Cancel reply Your email address will not be published. Industry noun archaeology A typological classification of stone tools, associated with a technocomplex. Firm verb transitive To make firm or strong; fix securely.
Industry noun Habitual diligence in any employment or pursuit, either bodily or mental; steady attention to business; assiduity; - opposed to sloth and idleness; as, industry pays debts, while idleness or despair will increase them. Firm verb transitive To make compact or resistant to pressure; solidify. Industry noun Any department or branch of art, occupation, or business; especially, one which employs much labor and capital and is a distinct branch of trade; as, the sugar industry; the iron industry; the cotton industry.
Firm verb intransitive To become firm; stabilise. Industry noun Human exertion of any kind employed for the creation of value, and regarded by some as a species of capital or wealth; labor. Firm verb intransitive To improve after decline. Firm verb To shorten of betting odds. Firm verb To select a higher education institution as one's preferred choice, so as to enrol automatically if one's grades match the conditional offer.
Firm adjective Fixed; hence, closely compressed; compact; substantial; hard; solid; - applied to the matter of bodies; as, firm flesh; firm muscles, firm wood. Firm adjective Not easily excited or disturbed; unchanging in purpose; fixed; steady; constant; stable; unshaken; not easily changed in feelings or will; strong; as, a firm believer; a firm friend; a firm adherent.
Firm adjective Solid; - opposed to fluid; as, firm land. Firm adjective Indicating firmness; as, a firm tread; a firm countenance. Firm verb To fix; to settle; to confirm; to establish. Firm verb To fix or direct with firmness. Firm adjective of a currency, shares, etc. Firm noun a group of hospital doctors working as a team, headed by a consultant.
Firm noun an organized group of football supporters known for their aggressive attitudes towards rival fans. Popular Comparisons. Adress vs. Comming vs.
Label vs. Genius vs. Speech vs. Chief vs. Teat vs. Neice vs. Buisness vs. More specialised industries deal with a specific thing. The steel industry is a more specialised industry, dealing with the making of steel and selling it on to buyers. The difference between this and a firm is that a firm is the company that operates within the industry to create the product.
The firm might be a factory, or the chain of stores that sells the clothes, within its industry. For example, one firm that makes steel might be Avida steel. They create the steel in that firm for the steel industry. A firm is usually a corporate company that controls a number of chains in the industry it is operating within. These all operate for the firm Arcadia within the industry of retail. Several firms can operate in one industry to ensure that there is always competition to keep prices reasonable and stop the market becoming a monopoly, which is where one firm is in charge of the whole industry.
Sometimes, a firm is not necessary within the industry and independent chains and retailers can enter straight into the market without a firm behind them, although this is risky. This is because one of the advantages of having a firm behind you is that it is a safeguard against possible bankruptcy because the firm can support the chain that it owns. Yasir Baqar answered.
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