Dhananjay Parkhe ★ºधनंजय✦पारखेº™🇮🇳

★Pro-Bono Advisorº ★C-Suite Mentorº ★Artist ★CSRº ★Excellence Assessorº

3. Daily Blog

Industry and Gentrification – Terms of the Day

Industry and Gentrification - Terms of the Day
Dhananjay Parkhe

Amateur Artist. Learning New Skills. Learning to enjoy the joy of my creation.

Industry and Gentrification – Terms of the Day

Term of the Day

industry

A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g. semiconductors) or a more generic business activity (e.g. consumer durables). If a company participatesin multiplebusiness activities, it is usually considered to be in the industry in which most of itsrevenues are derived.
Learn more about this term
Usage Example
The stocks in the energy industry have been falling recently due to the drastic drop in crude oil prices.

Term of the Day

gentrification

The process of wealthier residents moving to an area, and the changes that occur due to the influx of wealth. As wealthier inhabitants move into an area that is already populated with lower-income residents, the neighborhoodbegins to change as well. Often this will spark an urban renewal process, which cleans up the town, but often leads to an increase in rent, taxes, and other items. …

Learn more about this term
Usage Example
Throughout the gentrification process, property value increases to the point where poorer pre-gentrification residents are no longer able to pay the rising costs and are forced out.
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