Industry: Privately owned manufacturing or service businesses in a common area.
Examples are the auto and airline industries. The companies in the industry provide similar products or services. Standard industrial classification codes (SIC) have been established by the U.S. government to report industry data.
industry. (1995). In J. K. Shim, & J. G. Siegel, Dictionary of economics, wiley. Los Alamitos, CA: Shim and Siegel. Retrieved from https://libproxy.usc.edu/login?url=http://search.credoreference.com/content/entry/wileyecon/industry/0?institutionId=887