What are the different types of industries?

industry, group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are generally classified as primary, secondary, tertiary, and quaternary; secondary industries are further classified as heavy and light.

What is the difference between industry and sector?

Industry vs. sector. The two terms are often used interchangeably but they have distinct meanings that are important to investors, analysts, and the federal government. An industry represents a group of similar business establishments. It is a subset of the larger sector.

What is an industry & a subcategory of a sector?

Industry refers to a specific group of companies that operate in a similar business sphere and have similar business activities. Industries are created by breaking down sectors into more defined groupings. Therefore, an industry is a subcategory of a sector.