Definition: The tendency to work persistently. Diligence.

Alright class, settle down, let’s take a look! That dictionary definition – “the tendency to work persistently, diligence” – is a little tricky, isn’t it? It’s almost right, but not quite the full picture of what we mean by "industries." Let's think about this like building blocks. "Industries," you see, refers to groups of businesses that do similar things. They all work together towards a common goal! Imagine a whole bunch of bakeries – they’re all in the baking industry . Or how about car makers? All those factories and designers are part of the automotive industry. It's like little neighborhoods, but for businesses! Now, "diligence" - that means being careful and hardworking, doing things well. That’s a quality you find within industries – it’s what drives them forward. A successful industry relies on its members being diligent and focused. Think of it this way: Industries are the groups, diligence is the key. Does that make more sense? Do you have any questions about which businesses might be grouped together into an industry? Let’s discuss!