Economic Sector
/ˌɛkəˈnɒmɪk ˈsɛktər/
Definitions
- (n.) A distinct subdivision of a nation's economy, classified by the nature of its economic activities, often used in legal regulations and policy frameworks to categorize industries and allocate resources.
The legislation differentiates taxation rates by economic sector to promote industrial growth.
Forms
- economic sector
- economic sectors
Related terms
See also
Commentary
In legal contexts, specifying an economic sector can clarify regulatory scope and compliance obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.