In economics, the business sector or corporate sector - sometimes popularly called simply "business" - is "the part of the economy made up by companies".[1][need quotation to verify][2] It is a subset of the domesticeconomy,[3] excluding the economic activities of general government, of private households, and of non-profit organizations serving individuals.[4] The business sector is part of the private sector, but it differs in that the private sector includes all non-government activity, including non-profit organizations, while the business sector only includes business that operate for profit.
In the United States the business sector accounted for about 78 percent of the value of gross domestic product (GDP) as of 2000[update].[4]Kuwait and Tuvalu each had business sectors accounting for less than 40% of GDP as of 2015[update].[5]
The Oxford English Dictionary records the phrase "business sector" in the general sense from 1934.[8] Word usage suggests that the concept of a "business sector" came into wider use after 1940.[9] Related terms in previous times included "merchant class" and "merchant caste".
^Longman Business English Dictionary. Such a definition might include State-owned enterprises - compare: Freeman, John R. (1989). Democracy and Markets: The Politics of Mixed Economies. Cornell studies in political economy, ISSN 2472-1433. Ithaca: Cornell University Press. p. 117. ISBN9780801496011. Retrieved 12 June 2019. In addition, party activists recognize the instrumental value of state-owned enterprise, and in some instances they are directly involved in supervising the operation of the state business sector.
^ Compare: "business sector". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.) - "that part of the economy which is related to (a particular) business".
^ 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. Vol. 95–101. Organisation for Economic Co-operation and Development. p. i. Retrieved 2015-06-07. [...] 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 [...].
^ ab "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved 2009-05-05.
^ "1: Overview: Opportunities and challenges for Myanmar". OECD Development Pathways Multi-dimensional Review of Myanmar. Vol. 3: From Analysis to Action. Paris: OECD Publishing (published 2016). 23 June 2016. p. 29. ISBN9789264256545. Retrieved 2017-12-27. 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.
^ Dieterle, David A., ed. (27 March 2017). Economics: The Definitive Encyclopedia from Theory to Practice. ABC-CLIO (published 2017). p. 297-298. ISBN9780313397080. Retrieved 19 October 2021. Modern state capitalism involves businesses that are owned or backed by the government with the behavior of a private-sector multi-national company. Today's modern state business develops into a full-fledged business model [...] Regardless of the business sector that the state-powned business is operating, if the government backing the business is not stable, the likelihood of a stable business greatly lessens.
^ "State-Owned Enterprise Sector Remains Large Despite Increasing Divestiture". Bureaucrats in Business: The Economics and Politics of Government Ownership. World Bank policy research report: International Bank for Reconstruction and Development, volume 4. Oxford: World Bank Publications. 1995. p. 25ff. ISBN9780195211061. Retrieved 19 October 2021.
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Not to be confused with private sector or division business In economics the business sector or corporate sector sometimes popularly called simply business is the part of the economy made up by companies 1 need quotation to verify 2 It is a subset of the domestic economy 3 excluding the economic activities of general government of private households and of non profit organizations serving individuals 4 The business sector is part of the private sector but it differs in that the private sector includes all non government activity including non profit organizations while the business sector only includes business that operate for profit In the United States the business sector accounted for about 78 percent of the value of gross domestic product GDP as of 2000 update 4 Kuwait and Tuvalu each had business sectors accounting for less than 40 of GDP as of 2015 update 5 In systems of state capitalism much of the business sector forms part of the public sector 6 In mixed economies state owned enterprises may straddle any divide between public and business sectors allowing analysts to use the concept of a state owned enterprise sector 7 The Oxford English Dictionary records the phrase business sector in the general sense from 1934 8 Word usage suggests that the concept of a business sector came into wider use after 1940 9 Related terms in previous times included merchant class and merchant caste Contents 1 See also 2 References 3 External links 3 1 United States 3 2 United KingdomSee also EditBureau of Labor Statistics BLS a unit of the United States Department of Labor Business GDP Private sector State owned enterpriseReferences Edit Longman Business English Dictionary Such a definition might include State owned enterprises compare Freeman John R 1989 Democracy and Markets The Politics of Mixed Economies Cornell studies in political economy ISSN 2472 1433 Ithaca Cornell University Press p 117 ISBN 9780801496011 Retrieved 12 June 2019 In addition party activists recognize the instrumental value of state owned enterprise and in some instances they are directly involved in supervising the operation of the state business sector Compare business sector Oxford English Dictionary Online ed Oxford University Press Subscription or participating institution membership required that part of the economy which is related to a particular business But compare Keese Mark Salou Gerard 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 Vol 95 101 Organisation for Economic Co operation and Development p i Retrieved 2015 06 07 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 a b BLS Information Glossary U S Bureau of Labor Statistics Division of Information Services February 28 2008 Retrieved 2009 05 05 1 Overview Opportunities and challenges for Myanmar OECD Development Pathways Multi dimensional Review of Myanmar Vol 3 From Analysis to Action Paris OECD Publishing published 2016 23 June 2016 p 29 ISBN 9789264256545 Retrieved 2017 12 27 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 Dieterle David A ed 27 March 2017 Economics The Definitive Encyclopedia from Theory to Practice ABC CLIO published 2017 p 297 298 ISBN 9780313397080 Retrieved 19 October 2021 Modern state capitalism involves businesses that are owned or backed by the government with the behavior of a private sector multi national company Today s modern state business develops into a full fledged business model Regardless of the business sector that the state powned business is operating if the government backing the business is not stable the likelihood of a stable business greatly lessens State Owned Enterprise Sector Remains Large Despite Increasing Divestiture Bureaucrats in Business The Economics and Politics of Government Ownership World Bank policy research report International Bank for Reconstruction and Development volume 4 Oxford World Bank Publications 1995 p 25ff ISBN 9780195211061 Retrieved 19 October 2021 business sector Oxford English Dictionary Online ed Oxford University Press Subscription or participating institution membership required Google Ngram ViewerExternal links EditUnited States Edit Business sector Productivity hourly compensation unit labor costs and prices seasonally adjusted Bureau of Labor Statistics Regulatory Information by Business Sector U S Environmental Protection Agency Business Sector CDCUnited Kingdom Edit 1 Department for Business Innovation and Skills Your business sector Business Link Business Sectors UK Trade amp Investment E This business related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Business sector amp oldid 1123353236, wikipedia, wiki, book, books, library,
