The term industry has two primary meanings depending on whether it is used in a business context or to describe a personal trait.
In business, an industry is a specific group of companies or organizations that perform similar economic activities, produce similar goods, or provide similar services. Historically and Etymologically, the word comes from the Latin industria, which means diligence or hard work. The Business Meanings of Industry
The economic world divides industries into a few different frameworks to organize how businesses are tracked, regulated, and analyzed. 1. Economic Sectors (The 4 Tiers)
Economists group specific industries into four broader categories based on their stage in the production chain: Occupational Safety and Health Administration (.gov)
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