Business sector

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In economics, the business sector or corporate sector - sometimes popularly called simply "business" - 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]

In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) as of 2000.[3] Kuwait and Tuvalu each had business sectors accounting for less than 40% of GDP as of 2015.[4]

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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. 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. 
  4. ^ "1: Overview: Opportunities and challenges for Myanmar". OECD Development Pathways Multi-dimensional Review of Myanmar. 3: From Analysis to Action. Paris: OECD Publishing. 2016. p. 29. ISBN 9789264256545. Retrieved 2017-12-27. The countries that have general government revenue more than 60% of GDP are Kiribati, Kuwait, Lesotho, Micronesia and Tuvalu. Source: IMF (2015), World Economic Outlook (database), International Monetary Fund. 

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United States[edit]

United Kingdom[edit]