Business Sector

A business sector is a category that groups companies and organizations based on the kind of products or services they provide. It helps to organize the economy into different areas, like healthcare, technology, manufacturing, or retail. For example, the automotive sector includes car manufacturers, while the financial sector includes banks and insurance companies. This classification makes it easier to analyze economic activity, identify trends, and understand how different parts of the economy are connected. Each sector plays a specific role in contributing to economic growth and employment within a country or globally.