Dominant

Definition

Dominant refers to something being in control or having power over others within a particular context. In economics specifically, it refers to a sector or industry that has the highest level of influence, employment, or contribution to the overall economy.

Related terms

Secondary Sector Dominance: When manufacturing industries hold significant power and contribute greatly to an economy.

Tertiary Sector Dominance: When service-based industries become the leading force in terms of employment and economic output.

Quaternary Sector Dominance: Occurs when knowledge-based industries such as research, development, and technology take center stage.