industry

/'indəstri/
Noun
  1. persevering determination to perform a task
    • his diligence won him quick promotions
    • frugality and industry are still regarded as virtues
  2. the organized action of making of goods and services for sale
    • American industry is making increased use of computers to control production
  3. the people or companies engaged in a particular kind of commercial enterprise
    • each industry has its own trade publications

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industry
The factory is a key part of the local industry.