Market sector
Appearance
![](http://upload.wikimedia.org/wikipedia/commons/thumb/b/b5/ABS-5204.0-AustralianSystemNationalAccounts-ProductivityInMarketSector-Gva_MarketSector-A2519064T.svg/220px-ABS-5204.0-AustralianSystemNationalAccounts-ProductivityInMarketSector-Gva_MarketSector-A2519064T.svg.png)
The term market sector is used in economics and finance to describe a part of the economy. It is usually a broader term than industry, which is a set of businesses that are buying and selling such similar goods and services that they are in direct competition with each other.[1]
See also
[edit]- Economic sector
- Global Industry Classification Standard (GICS)
- Industry Classification Benchmark (ICB)
- Market segmentation
- Thomson Reuters Business Classification (TRBC)
References
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