The primary sector of the economy can be classified as the "extractive" industry. A sector fund is a fund that invests solely in businesses that operate in a particular industry or sector of the economy. Please see for further details. As of that Friday, shares of companies in the coal industry group were the top performers with a return of 10.25%, while automobiles came in second with growth of 6.12%. Some economists like to divide businesses according to corporate, nonprofit, and government organizations. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Find the latest new and performance information on the markets and track the top global sectors. Some economists divide businesses by corporate, government and nonprofit organizations. Country data and ILO results; Africa; Americas; Arab States; Asia and the Pacific; Europe and Central Asia The public sector includes any organization owned or operated by a government agency. When a car is shipped to a dealership, that is an act of production that will enhance the value of the product. London South East does not authorise or approve this content, and reserves the right to remove items at its discretion. Business entities of the private sector are generally established with the sole objective of making profit and building brand reputation. Fundamentals consist of the basic qualitative and quantitative information that underlies a company or other organization's financial and economic position. Economies, jobs, and personal lives are becoming more … World Atlas: What Are Primary, Secondary, Tertiary, Quaternary, And Quinary Industries? Many companies will have components of all three sectors, such as a dairy farmer who makes cheese and ice cream and distributes the products to stores for sale. Sector analysis helps investors assess the economic and financial prospects of a sector of the economy to identify potentially profitable investments. Michael Carpenter has been writing blogs since 2007. Michael holds licenses in both real estate and life and health insurance. A sector is an area of the economy in which businesses share the same or a related product or service. Some may be set up as corporations, partnerships, or proprietorships. This subsector includes internet, cable and phone providers. More often, the economy is divided into three sectors: the primary, secondary, and tertiary sectors. Industries included in the primary or secondary sectors will typically have employees who provide tertiary services such as advertising, accountants and warehousing employees. She worked for the State of Tennessee for 19 years, the latter six of which were spent as a supervisor. Additionally, investment funds often specialize in a particular economic sector, a practice known as sector investing. These agencies may outsource work to private contractors which will then perform the work for private and public sector clients. Through the use of requests for proposals, these agencies can also outsource work to private companies, which may perform work for a combination of public and private sector clients. For example, the steel used to manufacture cars. Was this document helpful? UK Industry Sectors - Sector price movement, Sector charts, Sector news, Sector risers and Sector fallers. PwC's renowned industry competence ensures that every service it performs is carried out professionally and with the greatest possible added value for the client. The secondary sector includes the manufacturing industry, comprising a significant portion of the United States workforce. Business sectors are responsible for production. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Technology allows manufacturers to get more done with fewer resources. Usually, production involves a physical transformation of materials. The basic materials sector is an industry category of businesses engaged in the discovery, development, and processing of raw materials. Unlike the private sector, these organizations rely on taxpayer dollars instead of revenue from customers who are paying for goods or services. Want High Quality, Transparent, and Affordable Legal Services? The tertiary sector is usually strongest in advanced market economies. Investopedia uses cookies to provide you with a great user experience. Management Mania: Secondary Sector (Manufacturing and Industry), Bureau of Labor Statistics: December 2015 Industry Employment and Output Projections to 2024, Financial Times: Most US Manufacturing Jobs Lost to Technology, not Trade, U.S. Department of Labor Bureau of Labor Statistics: Industries at a Glance.