What is industry sector?
Industry sector is a category of businesses (industry) like metal businesses, oil businesses, financial businesses, etc.
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The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business t…ype. Although the terms are commonly used interchangeably, they do, in fact, have slightly different meanings. This difference pertains to their scope; a sector refers to a large segment of the economy, while the term industry describes a much more specific group of companies or businesses. A sector is one of a few general segments in the economy within which a large group of companies can be categorized. An economy can be broken down into about a dozen sectors, which can describe nearly all of the business activity in that economy. 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. An industry, on the other hand, describes a much more specific grouping of companies with highly similar business activities. Essentially, industries are created by further breaking down sectors into more defined groupings. Each of the dozen or so sectors will have a varying number of industries, but it can be in the hundreds. For example, the financial sector can be broken down into industries such as asset management , life insurance and Northwest regional banks. The Northwest regional bank industry, which is part of the financial sector, will only contain companies that operate banks in the Northwestern states. When breaking down the economy, the first groups are sectors which describe a general economic activity. Then all of the companies that fall into that sector are categorized further into industries where they are grouped only with companies with which they share very similar business activities. This is not the end, however. Industries can be further sub-categorized into various, more specific groupings. It should be noted that you may find situations in which these two terms are reversed. However, the general idea remains: one breaks the economy down into a few general segments while the other further categorizes those into more specific business activities. In the stock market the generally accepted terminology cites a sector as a broad classification and an industry as a more specific one
The Primary Sector - Where raw materials are grown, extracted or mined. The Secondary Sector - Where materials are processed and turned into goods. The Tertiary Sector … Where services are provided to the public and other businesses.
The hospitality industry contains a wide variety of areas likeamusement parks, lodging, restaurants, and transportation. Alsoincluded are florists and DJ services.
Industry sectors are: - primary (lowest paid) - secondary (responsible for manufacturing) - tertiary (mainly services)
effect of globalisation on industrial sector in Namibia?
it is a tertiary supermarket
The five sectors of hospitality are travel, lodging, assembly and event management, restaurants and manage services, and recreation.
an industrial sector that heavily relies on manual labour and craft skills. This sector has existed for centuries.
If you have hairdressing qualifications and or experience there aremany sectors you can work in including, hairdressing salon, hotels,spas, mobile hairdresser, training colleg…e and cruise ships.Industries you could transfer to with hairdressing qualificationsand further training in another field are; make up and hairdepartment in theatre, film or TV.
If you're talking about industrial sectors then i believe that the company 'Sports Direct' falls under the tertiary sector.
There are many problems of industrial sector of Bangladesh. Each individual industry has it's own problems but the overall problems of industrial sector of the country are- 1.… Lack of capital 2. Lack of entrepreneur 3. Lack of resources 4. Political instability 5. Lack of technology All the other problems of the industrial sectors could be solved if the above problems could be solved at first.
Agglomeration of industries engaged in chemical, mechanical, orphysical transformation of materials, substances, or componentsinto consumer or industrial goods.
small scale industries and large scale industries . steel plant in Durgapur Westbengal is an Eg for large scale industry.
The primary sector of the economy can be defined as the sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, a…nd extraction of oil and gas. This is contrasted with the secondary sector, producing manufactured and other processed goods, and the tertiary sector , producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries