Definition, Meaning & Synonyms
business-sector
Noun
/’bɪznəs ˈsɛktər/
Definition
The business sector refers to the part of the economy that involves the production, distribution, and sale of goods and services.
Examples
- The technology sector is rapidly evolving.
- Investments in the healthcare business sector have increased significantly.
Meaning
It encompasses all commercial activities and institutions involved in creating and providing products and services to consumers and other businesses.
Synonyms
- Commercial sector
- Corporate sector
- Industry
