Definition

1. Noun:
   • The part of the economy concerned with private commercial and industrial activity: The "business sector" refers collectively to all businesses, companies, and enterprises involved in trade, manufacturing, and services, distinct from the public or government sectors.

Usage

• The term "business sector" is used to discuss the collective interests, performance, or concerns of private enterprises within an economy.
• It is often contrasted with other sectors like the public sector (government) or the non-profit sector.

Examples

• Noun:
  • The new policy aims to boost investment in the business sector.
  • Confidence in the business sector is essential for economic growth.
  • There is often tension between the business sector and environmental regulators.

Advanced Usage

• "to be in the business sector": to work within or be part of private commercial enterprises.
  • After graduation, she plans to work in the business sector.
• "the private business sector": a more specific term emphasizing the sector's independence from government control.
  • Innovation is primarily driven by the private business sector.

Variants and Related Words

• Business community (n): A term with a very similar meaning, often used interchangeably with "business sector" to refer to companies and their leaders collectively.
  • The business community welcomed the tax reforms.
• Private sector (n): A broader term that includes all non-governmental economic activity, of which the business sector is a major part.
  • He has had a long career in the private sector.

Synonyms

• Industry (when used collectively): The companies and activities involved in the production of goods or services.
• Commerce: The activity of buying and selling, especially on a large scale.

Related Phrases

• Business interests: The concerns or stakes that the business sector has in a particular matter.
  • The legislation was shaped by powerful business interests.
• Sector-wide: Affecting or involving an entire sector.
  • The crisis led to sector-wide layoffs.

Noun

1. business concerns collectively
   • Government and business could not agree