Vocabulary development - SS2 English Lesson Note

Industry is a broad term that refers to a group of businesses that produce or provide similar goods or services. For example, the automotive industry is made up of all the businesses that produce cars, trucks, and other vehicles.

Some of the most common words associated with industry include:

• Production: The process of creating goods or services.
• Manufacturing: The process of making goods by using machines and other equipment.
• Market: The place where goods and services are bought and sold.
• Business: An organization that engages in commercial activity.
• Company: A legal entity that is created to conduct business.
• Economics: The study of how people, businesses, and governments allocate resources.
• Competition: The rivalry between businesses to sell goods or services.
• Regulation: The rules and laws that govern businesses.

These are just a few of the many words associated with industry. The specific words that are used will vary depending on the industry. For example, the words "oil" and "gas" would be more common in the energy industry, while the words "medicine" and "healthcare" would be more common in the healthcare industry.

Industry is an important part of the economy. It provides jobs, goods, and services that people need. It also contributes to the growth of the economy.

Here are some additional notes on industry:

• Industries can be classified into different sectors, such as the manufacturing sector, the service sector, and the agricultural sector.
• Industries can also be classified by their size, such as large industries, medium-sized industries, and small industries.
• Industries can be classified by their location, such as domestic industries and international industries.