Word: Growth Industry
Definition:
A "growth industry" is a type of business or industry that is expanding quickly and becoming more successful. This means there are more jobs, more sales, and more opportunities for people working in this sector.
Usage Instructions:
You can use "growth industry" when talking about businesses or sectors that are doing well and increasing in size. It is usually used in discussions about economics, business trends, or job markets.
Example Sentence:
"The technology sector is a growth industry, with new companies emerging every year and many people finding jobs in this field."
Advanced Usage:
In more advanced discussions, you might hear phrases like "emerging growth industry," which refers to new industries that are just starting to grow, or "mature growth industry," which indicates that an industry has been growing for a long time but is now stabilizing.
Word Variants:
- Growth (noun): The process of increasing in size or amount.
- Grow (verb): To increase in size, amount, or importance.
- Growing (adjective): Increasing in size or amount.
Different Meanings:
While "growth industry" specifically refers to businesses that are expanding, the word "growth" alone can refer to any increase, such as personal growth, economic growth, or growth in a plant.
Synonyms:
- Expanding industry - Booming sector - Flourishing business
Idioms and Phrasal Verbs:
There aren’t specific idioms or phrasal verbs directly related to "growth industry," but you might encounter phrases like "on the rise," which means something is becoming more successful or popular, similar to a growth industry.
Additional Note:
When discussing a growth industry, it is often contrasted with industries that are declining or stagnant, where there is little to no growth.