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industry (LO)<br />A group of firms producing the same principal product. In a broad classification of industries, all industrial activity of an economy can be divided into only ten or a hundred industries but narrower classifications make possible a division into as many as a thousand or more. Types of industry are contrasted as HEAVY or LIGHT, mature or high-tech, smokestack or sunrise.<br /><em>See also:</em> Standard Industrial Classification; three-digit industry; two-digit industry
<strong>Unsubsidized loan</strong> – A loan that is not based on need and is NOT eligible for federal interest benefits. The borrower is responsible for the interest that accrues on any unsubsidized loan, including unsubsidized Federal Stafford Loans, Federal PLUS Loans, and Graduate PLUS Loans.
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aggregate concentration (Ll)<br />The coNCENTRATION of the economic activity of a nation or an industry in the hands of a few giant firms. Also called absolute concentration.<br /><em>See also:</em> concentration ratio; relative concentration
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