- 1 [uncountable] the production of goods from raw materials, especially in factories heavy/light industry the needs of American industry This chemical is mostly used in industry. Topic CollocationsThe Economymanaging the economy handle/run/manage the economy boost investment/spending/employment/growth stimulate demand/the economy/industry cut/reduce investment/spending/borrowing reduce/curb/control/keep down inflation create/fuel growth/demand/a boom/a bubble encourage/foster/promote/stimulate/stifle innovation/competition encourage/work with/compete with the private sector increase/boost/promote U.S./agricultural exports ban/restrict/block cheap/foreign imports the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming enjoy an economic/housing/property boomeconomic problems push up/drive up prices/costs/inflation damage/hurt/destroy industry/the economy cause/lead to/go into/avoid/escape recession experience/suffer a recession/downturn fight/combat inflation/deflation/unemployment cause/create inflation/poverty/unemployment create/burst a housing/stock market bubble cause/trigger a stock market crash/the collapse of the banking system face/be plunged into a financial/an economic crisis be caught in/experience cycles of boom and bustpublic finance cut/reduce/slash/increase/double the defense/education budget increase/boost/slash/cut public spending increase/raise/cut/lower/reduce taxes raise/cut/lower/reduce interest rates ease/loosen/tighten monetary policy balance the (state/federal) budget achieve/maintain a balanced budget run a ($4 trillion) budget deficit/surplus ⇨ more collocations at politics, voting
- 2 [countable] the people and activities involved in producing a particular thing, or in providing a particular service the steel industry the automotive/tourist, etc. industry We need to develop local industries. see also captain of industry, cottage industry, heavy industry, smokestack industry
- 3[uncountable] (formal) the quality of working hard We were impressed by their industry.
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