Rečnik kaže ovako:
1. the aggregate of manufacturing or technically productive enterprises in a particular field, often named after its principal product: the automobile industry; the steel industry.
2. any general business activity; commercial enterprise: the Italian tourist industry.
3. trade or manufacture in general: the rise of industry in Africa.
4. the ownership and management of companies, factories, etc.: friction between labor and industry.
5. systematic work or labor.
6. energetic, devoted activity at any work or task; diligence: Her teacher praised her industry.
7. the aggregate of work, scholarship, and ancillary activity in a particular field, often named after its principal subject: the Mozart industry.
Dodatno, pridev "industrious" znači preduzimljiv.
Što se tiče "advanced economies" upravo je pravilno reći napredne ekonomije, jer je ekonomija širi pojam od privrede (commerce). Ekonomija podrazumeva celokupan protok robe, novca, proizvoda i usluga u jednom društvu. Stvaranje, razmenu i trošenje svih ovih dobara. Dok se privreda odnosi samo na proizvodne delatnosti, odnosno one delatnosti koje stvaraju višak vrednosti.