industrial system
/ɪndʊˈstrjʊəl ˈsɪstəm/ · in.dus.tri.al.sys.tem
noun
- A complex network of organizations, technologies, and processes involved in the production and distribution of goods and services. The industrial system of the 19th century was characterized by the use of steam power and the development of factories.
- A set of interconnected systems and processes that transform raw materials into finished products. The industrial system of a manufacturing company includes the supply chain, production line, and distribution network.
- A system of economic organization that emphasizes the production and distribution of goods and services on a large scale. The industrial system of a country is often characterized by the presence of large corporations and a high level of economic specialization.
Synonyms
Antonyms
Did you know? The term 'industrial system' was first used by the German economist and sociologist Friedrich Engels in his book 'The Condition of the Working Class in England' (1845) to describe the social and economic conditions of the working class in industrializing England.