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What are market sectors?
01:02 Mins Read
Ever wondered what market sectors are all about? Find out more about it in this video.
Think of a pizza, a cake, a pie. You can easily slice them up into smaller pieces, right? Much like this, the economy is also divided into different segments... ...known as market sectors. In economics and finance, the term market sector is used to define and describe a part of the economy. A market sector is broader than an industry. Related industries are typically classified together under the same segment. Economists generally divide the market segments into four tiers, namely the primary sector, the secondary sector, the tertiary sector and the quaternary sector. Now, did you know you could trade on indices benchmarked to market sectors? Stick with Smart Money to learn all about sectoral indices.