Business sector
From Wikipedia, the free encyclopedia
Economic sectors |
---|
Three-sector hypothesis |
Primary sector: raw materials Secondary sector: manufacturing Tertiary sector: services |
Theorists |
Colin Clark · Jean Fourastié |
Additional sectors |
Quaternary sector · Quinary sector |
Sectors by ownership |
Business sector · Private sector · Public sector · Voluntary sector |
In economics, the business sector or corporate sector is "the part of the economy made up by companies".[1] It is a subset of the domestic economy, excluding the economic activities of general government, private households, and nonprofit organizations serving individuals. The three main business sectors are the primary sector (raw materials), the secondary sector (manufacturing) and the tertiary sector (sales and services).[2] In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) in 2000.[2]
The term is sometimes (confusingly) used to refer to the parts of a company, its business divisions.[3]
See also
References
- ↑ Longman Business English Dictionary
- ↑ 2.0 2.1 "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved 2009-05-05.
- ↑
External links
United States
- Business sector: Productivity, hourly compensation, unit labor costs, and prices, seasonally adjusted, Bureau of Labor Statistics
- Regulatory Information by Business Sector, U.S. Environmental Protection Agency
- Business Sector, CDC
United Kingdom
- , Department for Business, Innovation and Skills
- Your business sector, Business Link
- Business Sectors, UK Trade & Investment
- Flexible Support For Business
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