Different sector of the economy

As of that Friday, shares of companies in the coal industry group were the top performers with a return of Of the large sectors within an economy, the first group is called the primary sector and involves companies that participate in the extraction and harvesting of natural products from the earth, such as agriculture, mining and forestry.

The next two highest performing industry groups were the Internet and real estate holdings and developers, with gains of 4.

This is not the end, however. The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type. Silver coin of the Gupta dynasty5th century AD. The economy was then characterised by extensive regulation, protectionismpublic ownership of large monopolies, pervasive corruption and slow growth.

They expected favourable outcomes from their strategy, involving the rapid development of heavy industry by both public and private sectorsand based on direct and indirect state intervention, rather than the more extreme Soviet-style central command system. Economic historian Prasannan Parthasarathi presented earnings data which showed real wages and living standards in 18th century Bengal and Mysore being higher than in Britain, which in turn had the highest living standards in Europe.

Although the terms are commonly used interchangeably, they do, in fact, have slightly different meanings. What is the Difference Between an Industry and a Sector?

What Are Four Sectors of the Economy?

However, at the end of colonial rule, India inherited an economy that was one of the poorest in the developing world, [] with industrial development stalled, agriculture unable to feed a rapidly growing population, a largely illiterate and unskilled labour force, and extremely inadequate infrastructure.

However, the general idea remains: In the stock market, the generally accepted terminology cites a sector as a broad classification and an industry as a more specific one. Villages paid a portion of their agricultural produce as revenue to the rulers, while their craftsmen received a part of the crops at harvest time for their services.

Both the Malabar and Coromandel Coasts were the sites of important trading centres from as early as the first century BC, used for import and export as well as transit points between the Mediterranean region and southeast Asia.

These traders built a Hindu templewhich suggests commerce was active and prosperous for Indians by the 17th century.

Investing in Different Industry Sectors

Steel, mining, machine tools, telecommunications, insurance, and power plants, among other industries, were effectively nationalised in the mids.

Subsequently, the policy of discriminating protection where certain important industries were given financial protection by the statecoupled with the Second World War, saw the development and dispersal of industries, encouraging rural—urban migration, and in particular the large port cities of BombayCalcutta and Madras grew rapidly.

The tertiary sector is comprised of companies that provide services, such as retailers, entertainment firms and financial organizations.

This difference pertains to their scope; a sector refers to a large segment of the economy, while the term industry describes a much more specific group of companies or businesses.

Economic sector

Mughal era — See also: Muslin trade in Bengal and Economy of the Kingdom of Mysore The Indian economy was large and prosperous under the Mughal Empireup until the 18th century. For example, many investors conducted sector analysis on Friday, June 1,for the investment week of May 29,to June 1.

The British East India Company, following their conquest of Bengal inhad forced open the large Indian market to British goods, which could be sold in India without tariffs or dutiescompared to local Indian producers who were heavily taxedwhile in Britain protectionist policies such as bans and high tariffs were implemented to restrict Indian textiles from being sold there, whereas raw cotton was imported from India without tariffs to British factories which manufactured textiles from Indian cotton and sold them back to the Indian market.

Different Sectors of the US Economy

Tataon the Indian regulatory system, [] Sincethe use of high-yielding varieties of seedsincreased fertilisers and improved irrigation facilities collectively contributed to the Green Revolution in Indiawhich improved the condition of agriculture by increasing crop productivity, improving crop patterns and strengthening forward and backward linkages between agriculture and industry.

Gold, silver and copper coins were issued by the royal mints which functioned on the basis of free coinage.Investing in Different Industry Sectors Performance in the real estate sector tends to follow the overall economy; during periods of economic growth and inflation, real estate investments will.

The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type. Although the terms. A competitive and productive economy, the US Economy is apparently largest in the world.

It is a capitalist economy, which registered a % GDP growth rate in the 2nd quarter of Services form the major sectors of the US Economy.

Three-sector model

The economy of India is a developing mixed economy. It is growing sector of Indian economy, A critical problem facing India's economy is the sharp and growing regional variations among India's different states and territories in terms of poverty.

A sector is an area of the economy in which businesses share the same or a related product or service.

What is the Difference Between an Industry and a Sector?

Investing among several different sectors in the economy is a. This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.

Different sector of the economy
Rated 5/5 based on 39 review