An industry is a collection of companies that are related based on their primary business activities. In economies nowadays there are lots of industry classifications, and to make things easier they are typically grouped into larger categories called sectors.
Investors and economists often study companies operating in the same industry, comparing them to each other and evaluating the relative attractiveness of a company within that particular industry.
Stocks within one singular industrial entity fluctuate as a whole. This is because the same macroeconomic factors affect all members of the same industry! However, there are cases where stocks may rise and fall individually within an industry. This might be the result of single events, such as the release of a separate product.
Those who pursue industrial studies will come into contact with lots of disciplines. Students will study management, engineering, economics, industrial labour relations, operations research, law, geography and public policy. There’s a lot, so it’s a good job you’re in a digital library, isn’t it?
However, industry students may focus their attention on particular industries, or conduct a cross-industry analysis. More often than not, it must take close engagement and observation with a plant, firm or particular establishment in order to gain a proper insight into the industrial machine, as well as conversing with industrial practitioners.
There’s plenty of eBooks and digital textbooks that cover both industry and industrial studies in our virtual library, check it out!
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