1 Thought on what is an industry?
  1. Reply
    Dual String Finance
    February 7, 2014 at 3:49 pm

    An industry is a general term to describe a group of businesses doing somilar things. For instance, the mortgage industry relates to all the people creating, originating, and working with loans.

    The textile industry works with clothing.

    The petrolium industry works mainly with gas, although one could say the fossil fuels industry includes the companies working with petrolium, natural gas, and coal.

    The finance industry may include the mortgage industry depending on how one defines it.

    There are no clearly defined “industries,” but they are generally defined by stock analysts such as those on yahoo finance.

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