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".[1] It is a subset of the domestic economy,[2] excluding the economic activities of general government, of private households, and of non-profit organizations serving individuals.[3] An alternative analysis of economies, the three-sector theory, subdivides them into:[]

In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) as of 2000.[3]Kuwait and Tuvalu each had business sectors accounting for less than 40% of GDP as of 2015.[4]

See also


  1. ^ Longman Business English Dictionary
  2. ^ But compare Keese, Mark; Salou, Gérard; Richardson, Pete (1991). The measurement of output and factors of production for the business sector in OECD countries: the OECD business sector database. OECD Department of Economics and Statistics working papers. 95-101. Organisation for Economic Co-operation and Development. p. i. Retrieved . [...] recent work of the OECD Economics and Statistics Department to construct an international Business Sector Data Base (BSDB) for use in a wide variety of analyses of production and supply issues [...].
  3. ^ a b "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved .
  4. ^ "1: Overview: Opportunities and challenges for Myanmar". OECD Development Pathways Multi-dimensional Review of Myanmar. 3: From Analysis to Action. Paris: OECD Publishing. 2016. p. 29. ISBN 9789264256545. Retrieved . The countries that have general government revenue more than 60% of GDP are Kiribati, Kuwait, Lesotho, Micronesia and Tuvalu. Source: IMF (2015), World Economic Outlook (database), International Monetary Fund.

External links

United States

United Kingdom

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.



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