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In microeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. For example, one might refer to the wood industry or to the insurance industry.
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“The importance of the culture industry in the spiritual constitution of the masses is no dispensation for reflection on its objective legitimation, its essential being, least of all by a science which thinks itself pragmatic.”
“Big industry, competition and generally the individualistic organization of production have become a fetter which it must and will shatter.”
“Advancement of the human factor in industry... varies so much that unless we use measurement and abide by the results, there is no possibility of repeating the process accurately and efficiently at will, or of predicting and controlling the future conditions that assure that advancement.”
“I don't think industrial civilization is worth the distortion of human nature and the meanness and the loss of contact with the earth that it entails.”
“Broadly speaking, the object of industry is to set up economic ways and means of satisfying human wants and in so doing to reduce everything possible to routines requiring a minimum amount of human effort.”
“The major vehicle of for the transition to the capitalist mode of production was the of eighteenth - century England. In cloth production mercantile wealth was visibly transformed into capital, as it acquired the dual function of purchasing machines and raw materials, on the one hand, and buying human energy to power their operation on the other.”
Quotes via Wikiquote (CC BY-SA), each with its original source.
