Portal:Industries

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Introduction

GDP composition of sector and labour force by occupation in the form of any component to economy. The green, red, and blue components of the colours of the countries represent the percentages for the agriculture, industry, and services sectors, respectively.

Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry. When a large group has multiple sources of revenue generation, it is considered to be working in different industries. Industry is also referred as Udyog or Karkhana in Hindi. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This came through many successive rapid advances in technology, such as the production of steel and coal.

Following the Industrial Revolution, possibly a third of the economic output comes from manufacturing industries. Many developed countries and many developing/semi-developed countries (China, India etc.) depend significantly on manufacturing industry.

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Did you know...

  • ... that a report around 2013 on American used goods outlets put Goodwill first with a 21% market share, Winmark second with nearly 6%, and The Salvation Army third with nearly 4%?
  • ... that competition for the contract to build Singapore's first MRT trains (pictured) was so fierce that it involved last-minute discounts, offers of free parts, and allegations of sabotage?

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