Business sector

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Not to be confused with private sector or division (business).

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,[2] excluding the economic activities of general government, of private households, and of non-profit organizations serving individuals.[3] An alternative analysis of economies, the three-sector theory, subdivides them into:[citation needed]

  • the primary sector (raw materials)
  • the secondary sector (manufacturing)
  • the tertiary sector (sales and services)

In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) as of 2000.[3]

See also[edit]

References[edit]

  1. ^ Longman Business English Dictionary
  2. ^ But compare Keese, Mark; Salou, Gérard; Richardson, Pete (1991). The measurement of output and factors of production for the business sector in OECD countries: the OECD business sector database. OECD Department of Economics and Statistics working papers. 95-101 (99). Organisation for Economic Co-operation and Development. p. i. Retrieved 2015-06-07. [...] recent work of the OECD Economics and Statistics Department to construct an international Business Sector Data Base (BSDB) for use in a wide variety of analyses of production and supply issues [...]. 
  3. ^ a b "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved 2009-05-05. 

External links[edit]

United States[edit]

United Kingdom[edit]