Industrialists

Definition

Industrialists are individuals who own or manage large-scale industrial enterprises, often playing a significant role in the development and operation of the industry.

Related terms

Capitalism: An economic system where industries are largely owned and controlled by private individuals or companies rather than by the state.

Entrepreneurship: The process of designing, launching, and running a new business, which typically begins as a small business offering a product, process, or service for sale or hire.

Monopoly: A situation in which a single company or individual owns all or nearly all of the market for a given type of product or service.