Business sector: meaning, definitions and examples

Refers broadly to the segment of the economy composed of companies, enterprises, and businesses in general. This term is often used in discussions about the overall economic environment or business trends.

• The business sector showed significant growth last year.
• Government policies greatly impact the business sector.

Usually refers to the part of the economy involved in the buying and selling of goods and services. This can include both retail and wholesale businesses and is often mentioned when discussing trade or commerce.

• New regulations have been implemented to help the commercial sector recover from the economic downturn.
• Innovations in technology are transforming the commercial sector.

Pertains to specific categories of economic activity, such as the tech industry, automotive industry, etc. It's often used to zoom in on particular fields of business.

• The automotive industry sector has faced significant challenges this year.
• There is immense potential for growth in the renewable energy industry sector.

Spans large-scale companies and corporations, particularly those that are publicly traded. This term is useful when discussing corporate policies, executive decisions, and matters related to publicly-held companies.

• The corporate sector is under scrutiny for its environmental impact.
• Salaries in the corporate sector have been rising steadily.