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The industries or sectors of the economy in which business cycle fluctuations tend to affect output the most are?
Wiki User
∙ 13y ago
services and nondurable goods
Wiki User
∙ 13y ago
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What is the role of business organisations in society?
The role of business organizations are to provide products and services to the public and private sectors of the economy.
What are sectors of industries?
Industry sectors are: - primary (lowest paid) - secondary (responsible for manufacturing) - tertiary (mainly services)
How many sectors in nifty?
The S&P CNX Nifty covers 22 sectors of the Indian economy
What is function areas in a business?
A functional area in a business is basically different sectors which make the business work such as the Finance department which will be responsible for funding the business as a whole.
How many sectors in sensex and nifty?
how many sectors in bse
What industries of sectors of the economy will business cycle fluctuations likely have the greatest effect on output?
capital goods
Why and how the colonial economy introduced in Africa?
colonial economy was a project established by colonial government to their colonies for the purpose of improving the European industries and other sectors such as social sectors and economical sectors.
What is the relationtionship between business and economy?
Business is part of economy, forming business sectors (S11-S13 in UN National system of accounts)
What are some different industries?
Examples of industries in regards to business sectors are: agriculture and farming, business and finance, arts and humanties, marketing and advertising, health and emergency services...
What are the opportunities to transfer to other sectors or industries?
What are the opportunities to tranfer to other sectors or industries
What are the major sectors that make up the US economy?
international household business government
What is the role of business organisations in society?
The role of business organizations are to provide products and services to the public and private sectors of the economy.
Are there any drawbacks to Virginia's industries?
Some potential drawbacks of Virginia's industries may include environmental impact from industries like coal mining or manufacturing, competition for resources or land use conflicts, and economic dependence on certain sectors which can make the state vulnerable to market fluctuations.
How does the Bureau of Labor Statistics break down its productivity statistics?
This office produces productivity measures for industries and for major sectors of the U.S. economy.
What is an industry sector?
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 are commonly used interchangeably, they do, in fact, have slightly different meanings. 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. A sector is one of a few general segments in the economy within which a large group of companies can be categorized. An economy can be broken down into about a dozen sectors, which can describe nearly all of the business activity in that economy. For example, the basic materials sector is the segment of the economy in which companies deal in the business of exploration, processing and selling the basic materials such as gold, silver or aluminum which are used by other sectors of the economy. An industry, on the other hand, describes a much more specific grouping of companies with highly similar business activities. Essentially, industries are created by further breaking down sectors into more defined groupings. Each of the dozen or so sectors will have a varying number of industries, but it can be in the hundreds. For example, the financial sector can be broken down into industries such as asset management, life insurance and Northwest regional banks. The Northwest regional bank industry, which is part of the financial sector, will only contain companies that operate banks in the Northwestern states. When breaking down the economy, the first groups are sectors which describe a general economic activity. Then all of the companies that fall into that sector are categorized further into industries where they are grouped only with companies with which they share very similar business activities. This is not the end, however. Industries can be further sub-categorized into various, more specific groupings. It should be noted that you may find situations in which these two terms are reversed. However, the general idea remains: one breaks the economy down into a few general segments while the other further categorizes those into more specific business activities. In the stock market the generally accepted terminology cites a sector as a broad classification and an industry as a more specific one
What is an sector?
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 are commonly used interchangeably, they do, in fact, have slightly different meanings. 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. A sector is one of a few general segments in the economy within which a large group of companies can be categorized. An economy can be broken down into about a dozen sectors, which can describe nearly all of the business activity in that economy. For example, the basic materials sector is the segment of the economy in which companies deal in the business of exploration, processing and selling the basic materials such as gold, silver or aluminum which are used by other sectors of the economy. An industry, on the other hand, describes a much more specific grouping of companies with highly similar business activities. Essentially, industries are created by further breaking down sectors into more defined groupings. Each of the dozen or so sectors will have a varying number of industries, but it can be in the hundreds. For example, the financial sector can be broken down into industries such as asset management, life insurance and Northwest regional banks. The Northwest regional bank industry, which is part of the financial sector, will only contain companies that operate banks in the Northwestern states. When breaking down the economy, the first groups are sectors which describe a general economic activity. Then all of the companies that fall into that sector are categorized further into industries where they are grouped only with companies with which they share very similar business activities. This is not the end, however. Industries can be further sub-categorized into various, more specific groupings. It should be noted that you may find situations in which these two terms are reversed. However, the general idea remains: one breaks the economy down into a few general segments while the other further categorizes those into more specific business activities. In the Stock Market the generally accepted terminology cites a sector as a broad classification and an industry as a more specific one
Discuss the advantages and disadvantages of national income of an economy?
main advantages of national income:- 1:Study of All important sectors & Industries 2:An important fact for measuring economic development of Develop countries 3:Analysis of different sectors
