Industry

The term industry (from the Latin industria (-ae), in turn of uncertain etymology, which means “hard work” and “activity”) is used in a broad sense to indicate any human activity that is carried out for the purpose of generating goods or services.

Industrial organization

The industrial economy is the economic discipline (and a basic concept of microeconomics) that studies how companies interact both individually and as an industry in the various forms of market, extreme (perfect competition, monopoly, monopsony) and intermediate (oligopoly, imperfect competition), both in static conditions both in dynamic conditions (i.e. markets where inputs, technology, and industrial structure vary, and where therefore the economic equilibrium can be very different from the competitive one that would be obtained in a static context), in single and multi-contexts periodically, interacting strategically for both pro-competitive and anti-competitive purposes, through additions, business enlargements, mergers, collusions, predatory behavior, discrimination, and multiple prices, technological innovation, patents, advertising, and promotional campaigns, changes in the structure of costs, network economies and more.

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