According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
INDUSTRIALISM
industrialism
(noun) an economic system built on large industries rather than on agriculture or craftsmanship
Source: WordNet® 3.1
Etymology
Noun
industrialism (plural industrialisms)
The socio-economic system based upon the industrial production of manufactured goods, rather than on agriculture.
Source: Wiktionary
In*dus"tri*al*ism, n.
1. Devotion to industrial pursuits; labor; industry. J. S. Mill.
2. The principles or policy applicable to industrial pursuits or organized labor. Industrialism must not confounded with industriousness. H. Spencer.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
28 February 2025
PRESCRIPTIVE
(adjective) pertaining to giving directives or rules; “prescriptive grammar is concerned with norms of or rules for correct usage”
Coffee Trivia
