Agroindustry vs. Agribusiness

Agroindustrynoun

The agricultural activity of an area viewed as an industrial sector of the economy.

Agribusinessnoun

(uncountable) Business (especially big business) connected to agriculture, either owning or operating large-scale farms, or catering to those who do.

Agribusinessnoun

(countable) A business or group of businesses engaged in agriculture, particularly if using modern farming techniques in the process.

Agribusinessnoun

a large-scale farming enterprise

Agribusiness

Agribusiness (also called bio-business or bio-enterprise) refers to the enterprises, the industry, the system, and the field of study of the interrelated and interdependent value chains in agriculture and bio-economy. The primary goal of agribusiness is to maximize profit while sustainably satisfying the needs of consumers for products related to natural resources such as biotechnology, farms, food, forestry, fisheries, fuel, and fiber — usually with the exclusion of non-renewable resources such as mining.Agribusiness is not limited to farming.