Business sector: meaning, definitions and examples
💼
business sector
[ ˈbɪznəs ˈsɛktər ]
economy
A specific division or segment of the economy in which businesses operate. The business sector encompasses all types of businesses, from small local shops to multinational corporations.
Synonyms
commercial sector, corporate sector, industry sector
Examples of usage
- The business sector in the United States is diverse and includes a wide range of industries such as technology, finance, and healthcare.
- The business sector plays a crucial role in driving economic growth and creating job opportunities for the workforce.
Translations
Translations of the word "business sector" in other languages:
🇵🇹 setor empresarial
🇮🇳 व्यवसाय क्षेत्र
🇩🇪 Geschäftssektor
🇮🇩 sektor bisnis
🇺🇦 бізнес-сектор
🇵🇱 sektor biznesowy
🇯🇵 ビジネスセクター
🇫🇷 secteur des affaires
🇪🇸 sector empresarial
🇹🇷 iş sektörü
🇰🇷 사업 부문
🇸🇦 قطاع الأعمال
🇨🇿 obchodní sektor
🇸🇰 obchodný sektor
🇨🇳 商业部门
🇸🇮 poslovni sektor
🇮🇸 viðskiptageirinn
🇰🇿 бизнес секторы
🇬🇪 ბიზნეს სექტორი
🇦🇿 biznes sektoru
🇲🇽 sector empresarial
Word origin
The term 'business sector' emerged in the mid-20th century as a way to differentiate the commercial activities of companies from other sectors of society. With the rise of industrialization and globalization, the concept of a distinct business sector gained prominence as businesses became more organized and structured. Today, the business sector is a vital component of the economy, driving innovation, competition, and growth.