ELI5: Explain Like I'm 5

Sovereigns of Industry

Sovereigns of industry are people who have a lot of power and influence in a particular industry. Think of it like being the king or queen of a big group of people who work in the same kind of job. They are really good at what they do, and because of that, they have a lot of control over the way things work in that industry.

For example, if you think about the technology industry, there are some people who are considered sovereigns of that industry. These might be people like Bill Gates (who helped create Microsoft) or Mark Zuckerberg (who started Facebook). They have a lot of knowledge and experience in the field of technology, and they have made a lot of important changes and developments in the industry.

Because these sovereigns of industry have so much power and influence over their industry, they have a lot of responsibility to use their power in a good way. They need to think about how their actions affect the people who work in their industry, as well as the people who use the products and services that their industry provides. It's important for them to be fair and ethical in their decision-making, and to always try to make things better for everyone involved.
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