A sector of the economy refers to a specific category or division that represents different types of economic activities within a country. Common sectors include agriculture, manufacturing, services (such as healthcare or retail), finance, and government.
Related terms
Primary Sector: The primary sector includes activities related to extracting or harvesting natural resources, such as agriculture, fishing, mining, and forestry.
Secondary Sector: The secondary sector involves transforming raw materials into finished products through manufacturing or construction processes.
Tertiary Sector: The tertiary sector consists of services that do not involve direct production of goods but rather provide support, assistance, or expertise to individuals or other businesses. Examples include healthcare, education, transportation, and finance.