SECTOR

There a two definitions of the term ‘sector’. The first one is that it is an economic area where businesses and industries share the similar or associated product or service. In general, all economies are divided into four sectors namely the primary (earth product: agriculture, forestry, mining), secondary (processed, manufactured, constructed products), tertiary (services: retail sales, finance, entertainment), and quaternary (intellectual products: education) sectors. The second definition of sector is that it is an industry or line of business in the market that shares a unifying characteristic. Examples of sectors under this definition are technology, energy, telecommunications, health care, and energy with every sector having their own risk profile and defining characteristic.