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This is an accepted version of this page This is the latest accepted revision, reviewed on 15 February 2025. Process of building or assembling a building or infrastructure For other uses, see Construction (disambiguation). "Construction site" redirects here. Not to be confused with Construction Site (TV series). Construction site and equipment prepared for start of work in Cologne, Germany ...
Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships. Through these classifications, economists are able to compare companies within the same industry to evaluate the attractiveness of that industry.
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.
The study of Engineering Economics in Civil Engineering, also known generally as engineering economics, or alternatively engineering economy, is a subset of economics, more specifically, microeconomics. It is defined as a "guide for the economic selection among technically feasible alternatives for the purpose of a rational allocation of scarce ...
Economic growth took place mostly in the mining, construction and manufacturing industries. In the economies of modern consumer societies , services, finance, and technology—the knowledge economy —play an increasingly significant role.
The construction industry in the United States is one of the major sectors of the country's economy. [1] As of November 1, 2022 [update] there are over 745,000 general contractor LLCs employing over 7.6 million in its workforce , putting up almost US$1.4 trillion worth of structures annually.
The shares from the construction industry alone were 6% and 11% respectively. Energy consumption during building material production is a dominant contributor to the construction industry's overall share, predominantly due to the use of electricity during production.
In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets.