Commercial enterprise (8)
(Other definitions for business that I've seen before include "Profession - trade - matter" , "Baby" , "Occupation; concern" , "Commerce, trade" , "Concern; commerce" .)
'commercial enterprise' is the definition.
(I know that industry is a type of commercial enterprise)
This is the entire clue.
(Other definitions for industry that I've seen before include "Steady application - to manufacturing?" , "Work (of manufacturing)" , "Branch of trade" , "Diligence" , "Commercial, manufacturing enterprise" .)