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[[File:Bronisław Wilkoszewski – Fabryka Tow. Ak. Poznańskiego.jpg|thumb|Historical photo of a factory in [[Łódź|Lodz]] (Poland), probably taken 1877 or 1878.]]
In [[economics]], different kinds of [[manufacturing]] and [[service]]s are broken down into groups called '''industries'''.<ref name=d>[http://dictionary.reference.com/browse/industry industry - Definitions from Dictionary.com]</ref> The word comes from a [[Latin]] word meaning "working diligently at a task". There are many different industries, like [[mining]], [[farming]] and [[logging]]. The [[industrial revolution]] made new industries.

An industy produces goods or services which are of a common set of qualities and which are indistinguishable (called homogeneous, in economics). It uses standardised processes for production, [[mass production]] and [[Division of labour|divison of labor]].

==History==
===Slavery===
{{main|Slavery}}
Slavery, which is forcing people to make goods<ref>{{Cite web|url= http://www.newint.org/issue337/facts.htm|title= Slavery in the 21st Century|last= |first= |date= |website= newint.org|archive-url= https://web.archive.org/web/20100527095857/http://www.newint.org/issue337/facts.htm|archive-date= 8 May 2002|url-status=dead|access-date= 2018-07-15}}</ref>{{failed verification|date=July 2018}} and services, has happened since ancient times throughout the world as a way to have low-cost production. It usually produces goods for which profit depends on [[economies of scale]].<ref>Compare: {{Cite journal|last= Lagerlöf|first= Nils-Petter|date= 2006-08-30|title= Slavery and other property rights|url= https://mpra.ub.uni-muenchen.de/372/1/MPRA_paper_372.pdf|language= en | quote = Some argue that slavery died out due to the rise of industrial production modes, involving a larger number of work tasks, thus making slavery more costly in terms of supervision.}}</ref> [[Slavery in international law|International law]] has declared slavery illegal.<ref>United Nations. "Universal Declaration on Human Rights." General Assembly of the United Nations. 1948.</ref>

===Industrial Revolution===
{{main|Industrial Revolution}}
The industrial revolution (from the mid-18th century to the mid-19th century) saw the development and popularization of using machines to make goods instead of using hands.<ref>Compare: {{Cite web|url= https://www.history.com/topics/industrial-revolution|title= Industrial Revolution - Facts & Summary - HISTORY.com|website= HISTORY.com|access-date= 2018-07-04 | quote = Before the advent of the Industrial Revolution, [...] [m]ost manufacturing was done in homes or small, rural shops, using hand tools or simple machines.}}</ref> The industrial revolution played a role in the [[abolition of slavery]] in Europe and in North America.<ref>Compare:{{Cite journal|last= Harley|first= Charles|date= September 2011|title= Slavery, the British Atlantic Economy and the Industrial Revolution|url= https://www.economics.ox.ac.uk/materials/papers/12739/harley113.pdf|journal= Working Paper|volume= |pages= 7–8|quote= As the Industrial Revolution proceeded, the main focus of economic attention shifted to the new industries created by Britain's technological prominence. These industries looked not for protection but for an opening of export markets. As the political economy shifted, the West Indian interest became vulnerable to their opponents. The slave trade was abolished in 1807 and slavery eventually abolished in 1833.|access-date= 2020-05-21|archive-date= 2020-08-02|archive-url= https://web.archive.org/web/20200802040411/https://www.economics.ox.ac.uk/materials/papers/12739/harley113.pdf|url-status= dead}}</ref>

== References ==
{{commonscat|Industry}}
{{reflist}}

[[Category:Basic English 850 words]]
[[Category:Industries| ]]

{{simple-Wikipedia}}

Industry - Revision history

WikiDwarfBOT at 14:59, 30 April 2021