Industry vs Economy - What's the difference?
industry | economy |
(uncountable) The tendency to work persistently.
* {{quote-news, year=2011, date=November 12, work=BBC Sport
, title= (countable, business, economics) Businesses of the same type, considered as a whole.
* {{quote-magazine, date=2013-06-01, volume=407, issue=8838, page=71, magazine=(The Economist)
, title= (uncountable, economics) Businesses that produce goods as opposed to services.
* {{quote-book, year=2006, author=(Edwin Black)
, title= (in the singular, economics) The sector of the economy consisting of large-scale enterprises.
* {{quote-magazine, date=2013-07-20, volume=408, issue=8845, magazine=(The Economist)
, title= Automated production of material goods{{cite web
, author=(European Parliament)
, title= *
Effective management of the resources of a community or system.
Collective focus of the study of money, currency and trade, and the efficient use of resources.
Frugal use of resources.
* Jonathan Swift
The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
* {{quote-magazine, date=2013-08-31, volume=408, issue=8851, magazine=(The Economist)
, title= (theology) The method of divine government of the world.
(archaic) Management of one’s (l).
Cheap to run; using minimal resources; representing good value for money.
As nouns the difference between industry and economy
is that industry is (uncountable) the tendency to work persistently while economy is effective management of the resources of a community or system.As an adjective economy is
cheap to run; using minimal resources; representing good value for money.industry
English
(wikipedia industry)Noun
International friendly: England 1-0 Spain, passage=England's win was built on industry and discipline, epitomised by the performances of Manchester City's Joleon Lescott in defence and Scott Parker in midfield.}}
End of the peer show, passage=Finance is seldom romantic. But the idea of peer-to-peer lending comes close. This is an industry that brings together individual savers and lenders on online platforms. Those that want to borrow are matched with those that want to lend.}}
Internal Combustion, chapter=2 , passage=But through the oligopoly, charcoal fuel proliferated throughout London's trades and industries . By the 1200s, brewers and bakers, tilemakers, glassblowers, pottery producers, and a range of other craftsmen all became hour-to-hour consumers of charcoal.}}
Out of the gloom, passage=[Rural solar plant] schemes are of little help to industry or other heavy users of electricity. Nor is solar power yet as cheap as the grid. For all that, the rapid arrival of electric light to Indian villages is long overdue. When the national grid suffers its next huge outage, as it did in July 2012 when hundreds of millions were left in the dark, look for specks of light in the villages.}}
Europarl 2003-09-24: Amended Software Patent Directive, date=2003-09-24 }}.
Synonyms
* (tendency to work persistently) diligence; application * (businesses of the same type) sector; field * (businesses that produce goods) manufacturingDerived terms
* automotive industry * captain of industry * cottage industry * film industry * finance industry * food services industry * health care industry * heavy industry * light industry * primary industry * secondary industry * smokestack industry * software industry * tertiary industry * video game industryReferences
External links
* * *economy
English
Alternative forms
*Noun
(wikipedia economy) (economies)- I have no other notion of economy than that it is the parent to liberty and ease.
Horns of a trilemma, passage=An economy open to free movement of capital can keep a fixed exchange rate, for example, only by subjugating monetary-policy goals to its defence—by raising interest rates sharply, say, when capital outflows put downward pressure on the currency. Yet the trilemma also implies that an economy can enjoy both free capital flows and an independent monetary policy, so long as it gives up worrying about its exchange rate.}}
Derived terms
* collaborative economy * command economy * economic * economical * economist * economize * market economy * peer-to-peer economy * planned economy * sharing economyAdjective
(-)- "He bought an economy car."
- "Economy size".