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In economics, the business sector or corporate sector - sometimes popularly called simply "business" - is "the part of the economy made up by companies". [1] [need quotation to verify] [2] It is a subset of the domestic economy, [3] excluding the economic activities of general government, private households, and non-profit organizations serving individuals. [4]
Three sectors according to Fourastié Clark's sector model. One classical breakdown of economic activity distinguishes three sectors: [1] Primary: involves the retrieval and production of raw-material commodities, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector.
There are many industry classifications in the modern economy, which can be grouped into larger categories called economic sectors. Sectors are broader than industry classifications. For example, the retail trade sector contains industries such as clothing stores, shoe stores, and health and personal care stores. Companies are not limited to ...
Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction .
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. [1] Overview
Private sector, business activity created by private enterprise for profit; Public sector, delivers social services, infrastructure and institutions administered by government; Voluntary sector, a non-profit and voluntary part of an economy provided by organisations; The sector of the sector directive in government procurement in the European Union
Primary sector of the economy (the raw materials industry) Secondary sector of the economy (manufacturing and construction) Tertiary sector of the economy (the "service industry") Quaternary sector of the economy (information services) Quinary sector of the economy (humanitarian services)