Modern Sector

The modern sector refers to parts of the economy focused on industries that use advanced technology, equipment, and organizational methods. This includes manufacturing, services, information technology, and other high-tech fields that produce goods and services with higher productivity and often better wages. It contrasts with the traditional or rural sector, which involves agriculture and less developed industries. The modern sector typically drives economic growth, innovation, and employment opportunities, and is characterized by larger, more organized businesses that rely on modern infrastructure and skills.