Ostrava, Czech Republic

Industry 4.0

Master's
Language: EnglishStudies in English
Subject area: engineering and engineering trades
Years of study: 2
University website: www.vsb.cz
Industry
Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry. When a large group has multiple sources of revenue generation, it is considered to be working in different industries. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This came through many successive rapid advances in technology, such as the production of steel and coal.
Industry
Industry is the vis motrix of husbandry, and therefore an ancient English writer observes, "that a single uncultivated acre is a real physical evil in any state."
Walter Harte Essays on Husbandry (1764), p. 12.
Industry
Big industry, competition and generally the individualistic organization of production have become a fetter which it must and will shatter.
Friedrich Engels, Principles of Communism (1847)
Industry
Big industry, freed from the pressure of private property, will undergo such an expansion that what we now see will seem as petty in comparison as manufacture seems when put beside the big industry of our own day. This development of industry will make available to society a sufficient mass of products to satisfy the needs of everyone.
Friedrich Engels, Principles of Communism (1847)
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