Definition of heavy industry
: the production of goods (such as coal or steel) that are used to make other goods
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Word by Word Definitions
heavy
play
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: having great weight
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: having a high specific gravity : having great weight in proportion to bulk
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: having or being atoms of greater than normal mass for that element
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: to a great or overwhelming degree : with or as if with great weight : in a heavy manner : heavily
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: heavyweight
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: a theatrical role of a dignified or somber character
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: a character in a story or play who opposes the hero : villain
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industry
play
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: diligence in an employment or pursuit
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: systematic labor especially for some useful purpose or the creation of something of value
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: a department or branch of a craft, art, business, or manufacture
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Financial Definition of HEAVY INDUSTRY
heavy industry
What It Is
Heavy industry refers to industries that produce "heavy" products.
How It Works
Oil, mining, shipbuilding, steel, chemicals, machinery manufacturing and similar industries are examples of heavy industry. They are very capital-intensive, meaning that they require a lot of machinery and equipment to produce. Often, they are criticized for their environmental impacts.
Why It Matters
Heavy industries often sell their products to other industries rather than to end users and consumers. In other words, they usually make products that are used to make other products. Accordingly, when a down economy begins to recover, heavy industry is often first to show signs of improvement. This makes the sector a leading economic indicator.
Source: Investing Answers
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