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An industry is an area of economic production which involves large amounts of upfront capital investment before any profit can be realized.

The most successful industries in a given sector tend, to be either companies started with a great deal of seed money, or early innovators of some new technology brought first to market, so that a great deal of capital can be quickly raised from sales for further research into technological improvements.

Industry became a key sector of production in European and North American countries during the Industrial Revolution, which upset previous mercantile and feudal economies through many successive rapid advances in technology, such as the development of steam engines, power looms, and advances in large scale steel and coalCoal is a fossil fuel extracted from the ground by mining. It is a readily combustible black or brownish-black sedimentary rock. It is composed primarily of carbon and hydrocarbons, along with assorted other elements, including sulfur. Often associated wi production. Industrial countries then assumed a capitalistCapitalism generally refers to a combination of economic practices that became institutionalized in Europe between the 16th and 19th centuries. Exactly which historic and current practices are considered part of "capitalism" varies among users of the term economic policy. Railroads and steam-powered shippaddlewheel from a paddle steamer on the lake of Lucerne. Right: detail of a steamer PS Waverley leaving Dunoon on the Firth of Clyde. A steamboat or steamship sometimes called a steamer is a boat or vessel that is propelled by steam power driving a propes began speedily integrating previously impossibly-distant world markets, enabling private companiesA company in the broadest sense is an aggregation of people who stay together for a common purpose. Such usage includes people assembled for: commercial purposes organised as a type of business organization. See company (law); military purposes . See comp to develop to then-unheard of size and wealthWealth usually refers to money and property. It is the abundance of objects of value and also the state of having accumulated these objects. The use of the word itself assumes some socially-accepted means of identifying objects, land, or money as "belongi. Following the Industrial Revolution, perhaps a third of world's economic output is derived from industry - more than agricultureFarming, ploughing rice paddy, in Indonesia Agriculture is the process of producing food, feed, fiber and other desired products by cultivation of certain plants and the raising of domesticated animals (livestock). Agriculture is also known as farming .'s share, but now less than that of the serviceIn economics and marketing, a service is the non-material equivalent of a good. Service provision has been defined as an economic activity that does not result in ownership, and this is what differentiates it from providing physical goods. It is claimed t sector.

In economics and urban planning, industrial is an intensive type of land use and economic activity involved with manufacturing and production.