What does business sector mean?

Definitions for business sector
busi·ness sec·tor

This dictionary definitions page includes all the possible meanings, example usage and translations of the word business sector.

Princeton's WordNet

  1. business, business sectornoun

    business concerns collectively

    "Government and business could not agree"

Wikipedia

  1. Business sector

    In economics, the business sector or corporate sector - sometimes popularly called simply "business" - is "the part of the economy made up by companies". It is a subset of the domestic economy, excluding the economic activities of general government, of private households, and of non-profit organizations serving individuals. The business sector is part of the private sector, but it differs in that the private sector includes all non-government activity, including non-profit organizations, while the business sector only includes business that operate for profit. In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) as of 2000. Kuwait and Tuvalu each had business sectors accounting for less than 40% of GDP as of 2015.In systems of state capitalism, much of the business sector forms part of the public sector. In mixed economies, state-owned enterprises may straddle any divide between public and business sectors, allowing analysts to use the concept of a "state-owned enterprise sector".The Oxford English Dictionary records the phrase "business sector" in the general sense from 1934. Word usage suggests that the concept of a "business sector" came into wider use after 1940. Related terms in previous times included "merchant class" and "merchant caste".

ChatGPT

  1. business sector

    The business sector, also known as the private sector, refers to the part of the economy that is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state. It includes all for-profit businesses that are not owned or operated by the government. These include corporations, partnerships, and sole proprietorships. Industries within the business sector can range from retail trade, professional services like law firms, hospitality, manufacturing, to oil and technology firms.

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Numerology

  1. Chaldean Numerology

    The numerical value of business sector in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of business sector in Pythagorean Numerology is: 8

Examples of business sector in a Sentence

  1. Gregory Daco:

    Many of the commentators are right in assessing that the possibility of just a mild slowdown is perhaps overestimated, is perhaps seen as too likely, and once we start to see sentiment shift, either in the business sector or in the consumer sector, that can feed off of itself — that can lead to further weakness, which could lead to a stronger rise in the unemployment rate and weaker economic conditions.

  2. Federal Reserve:

    More plentiful jobs and rising wages are drawing more people into the work force, business-sector productivity growth, which had been disappointing during the expansion, moved up. ... Rising productivity allows wages to increase without adding to inflation pressures.

  3. Uriel Lynn:

    Stop wasting so much time and complicating things in making more laws ... and interfering so intensely in the way the business sector functions. Just expose the total industry to importation.

  4. Lopez Obrador:

    I want to express my satisfaction for the attitude of the business sector, they have acted very respectfully to us, recognizing our triumph.

  5. Protect Democracy:

    Scholars of the rise and fall of democracies have identified the business sector as often one of the most important bulwarks against authoritarianism, but... the attitude inside too many C-suites today after seeing what happened to Disney is to keep their heads down and retreat from playing any role in the current battle for democracy.


Translations for business sector

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"business sector." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/business+sector>.

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