Industry:

Industry is the work that is done to make goods ready for selling or manufacturing and selling of goods. The people or companies engaged in a particular kind of commercial enterprise; "each industry has its own trade publications"

An industry is generally any grouping of businesses that share a common method of generating profits, such as the "music industry", the "automobile industry", or the "cattle industry". Usually an industry is also used specifically to refer to an area of economic production focused on manufacturing which involves large amounts of capital investment before any profit can be realized, also called "heavy industry.". As of 2004, Financial services is the largest industry (or category of industries) in the world in terms of earnings. Industry is a standardized tradition of toolmaking associated with a specified tool or culture: a stone hand-ax industry; the Acheulian industry.

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History Of Industry :

Early industries involved manufacturing goods for trade, including weapons, clothing, pottery. In medieval europe, industry became dominated by the guilds in cities and towns, who mutual support for the member's interests, and maintained standards of workmanship and ethical conduct. The industrial revolution led to the development of factories for large-scale production, with consequent changes in society. Originally the factories were steam-powered, but later transitioned to electricity once an electrical grid was developed.

The mechanized assembly line was introduced to assemble parts in a repeatable fashion, with individual workers performing specific steps during the process. This led to significant increases in efficiency, lowering the cost of the end process. Later automation was increasingly used to replace human operators. This process has accelerated with the development of the computer and the robot.
 
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Industrial Technology :

There are several branches of technology and engineering specialised for industrial application. This includes mathematical models, patented inventions and craft skills. See automation, industrial architecture, industrial robot, industrial design, industrial process, industrial arts and industrial applicability.
 

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