industrial sector


Sector

A set of securities or individual companies that are similar to each other. For example, all automotive companies in the United States are said to belong to the American automotive sector. See also: Industry.

industrial sector

that part of the economy concerned with the production of INTERMEDIATE PRODUCTS (iron and steel, machinery and equipment, etc.) and FINAL PRODUCTS (washing machines, furniture, etc.)

The industrial sector, together with the PRIMARY SECTOR and SERVICE SECTOR, form an interlocking chain of economic activities that constitute a modern economy. See STRUCTURE OF INDUSTRY.