rag trade vs industry

rag trade and industry both are nouns.

Word	Noun	Adjective	Verb	Adverb
rag trade	Yes	No	No	No
industry	Yes	No	No	No

As nouns, industry is a hypernym of rag trade; that is, industry is a word with a broader meaning than rag trade:

rag trade: makers and sellers of fashionable clothing
industry: the people or companies engaged in a particular kind of commercial enterprise

rag trade (noun)	industry (noun)
makers and sellers of fashionable clothing	the organized action of making of goods and services for sale
	persevering determination to perform a task
	the people or companies engaged in a particular kind of commercial enterprise