definition of business sector
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Business sector In economics, the business sector or corporate sector is the part of the economy made up by companies. It is a subset of the domestic economy, excluding the economic activities of general government, of private households, and of non-profit organizations serving individuals. In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) as of 2000.
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Erlenbach, Switzerland The primary sector of the economy is the sector of an economy making direct use of natural resources.rimary industry is a larger sector in developing countries; for instance, animal husbandry is more common in Africa than in Japan. Mining in 19th-century South Wales provides a case study of how an economy can come to rely on one form of activity.
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Three-sector theory Service output in 2005. The three-sector theory is an economic theory which divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary). It was developed by Alan Fisher, Colin Clark and Jean Fourastie. fourastié
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- A public sector company is essentially a presence of government in the form of a business activity. The type of company can vary, depending on how its funding source is established. The government level can be national, state or local.
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Erlenbach, Switzerland This includes agriculture, forestry, fishing and mining. In contrast, the secondary sector produces manufactured goods, and the tertiary sector produces services. The primary sector is usually most important in less-developed countries, and typically less important in industrial countries.
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business (ˈbɪznɪs) n. 1. a trade or profession. 2. (Commerce) an industrial, commercial, or professional operation; purchase and sale of goods and services: the tailoring business. 3. (Commerce) a commercial or industrial establishment, such as a firm or factory.
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Tertiary sector of the economy Product’s lifecycle. The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining).he major growth in this sector also involves the transfer of funds from the governmental to the contractual profit, non-profit and hybrid sectors of the economy. For the last 100 years, there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialised countries.
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- Business can refer to a particular organization or to an entire market sector, e.g. the music business. Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services.
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What is a 'Sector' The primary sector involves the extraction and harvesting of natural products from the earth (e.g., agriculture, mining and forestry). 1. An area of the economy in which businesses share the same or a related product or service.
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What is the Difference Between an Industry and a Sector? For example, the basic materials sector is the segment of the economy in which companies deal in the business of exploration, processing and selling the basic materials such as gold, silver or aluminum, which are used by other sectors of the economy.
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- A business, also known as an enterprise or a firm, is an organization involved in the provision of goods, services, or both to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company.
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sector a part or subdivision, esp of a society or an economy: the private sector. 2. (geometry) either portion of a circle included between two radii and an arc. Area: 1/2r²θ, where r is the radius and θ is the central angle subtended by the arc (in radians)
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The 5 Sectors of the Economy By Matt Rosenberg. A nations economy can be divided into various sectors to define the proportion of the population engaged in the activity sector. This categorization is seen as a continuum of distance from the natural environment.he packaging and processing of the raw material associated with this sector is also considered to be part of this sector. In developed and developing countries, a decreasing proportion of workers are involved in the primary sector.
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Sectors of the economy The three main sectors of the economy are: 1  Primary sector – extraction of raw materials – mining, fishing and agriculture. 2  Secondary / manufacturing sector – concerned with producing finished goods, e.g. factories making toys, cars, food, and clothes.
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- An industry profile is a report or gathering of data centered on an area of business that outlines and describes the major components of that area. Profiles often provide an overview of the industry and may make projections about future trends. Examples of business sectors include the pharmaceutical, transportation or retail industry.
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The 5 Sectors of the Economy By Matt Rosenberg. A nations economy can be divided into various sectors to define the proportion of the population engaged in the activity sector. This categorization is seen as a continuum of distance from the natural environment.
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- The word business can refer to a particular organization or to an entire market sector (for example, the finance business is the financial sector) or to all economic sectors collectively (the business sector).
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Business sector The measurement of output and factors of production for the business sector in OECD countries: the OECD business sector database. OECD Department of Economics and Statistics working papers. 95-101.
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sector A part or division, as of a city or a national economy: the manufacturing sector. 2. Mathematics. a. The portion of a circle bounded by two radii and the included arc. b. A measuring instrument consisting of two graduated arms hinged together at one end.
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Business sector In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) as of 2000.
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Economic sector One classical breakdown of economic activity distinguishes three sectors: 1  Primary: involves the retrieval and production of raw materials, such as corn, coal, wood and iron. 2  Secondary: involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing.
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- the secondary sector includes industries that produce a finished usable product or are involved in construction this sector generally takes the output of the primary sector and manufactures finished goods or where they are suitable for use by other businesses for export or sale to domestic consumers this sector is often divided into light industry and heavy industry
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Tertiary sector of the economy Product’s lifecycle. The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining).or the last 100 years, there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialised countries. This shift is called tertiarisation.
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private sector The private sector is the part of a country's economic system that is run by individuals and companies, rather than the government. Most private sector organizations are run with the intention of making profit. The segment of the economy under control of the government is known as the public sector. Charities and non-profit organizations are sometimes considered to make up a third segment, known as the volunteer sector. However, such organizations are more commonly considered part of the private sector.
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- The word business can refer to a particular organization or to an entire market sector (for example: the financial sector) or to the sum of all economic activity (the business sector). Compound forms such as agribusiness represent subsets of the concept's broader meaning, which encompasses all activity by suppliers of goods and services.
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- A public sector company is essentially a presence of government in the form of a business activity. The type of company can......