industrial

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Industrial

Describing a company or economy that engages largely or exclusively in the manufacture of products. An industrial company, for example, makes a good, which it then sells either to retailers or directly to consumers. An industrial economy is characterized by having a disproportionate amount of its GDP growth in industrial companies and government agencies. See also: Industrial Revolution.

industrial

Of or related to companies engaged in the manufacture of products. The word also can refer to firms engaged in distribution. For example, Sears is classified as an industrial company for purposes of calculating the Dow Jones Averages, but it is included as a retailer rather than as an industrial in Fortune magazine's annual survey of America's largest firms.
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