This is sometimes known as extractive production. Therefore, these companies are divided into more specific groups than sectors. See is wake now business templates Aspects of corporations Aspects of jobs Aspects of occupations Aspects of organizations Aspects of sector for business Corporate titles Organized labor. An individual business is classified as belonging to a certain industry on the basis of its main activity. Oxford English Dictionary 3rd ed. Sector for business Secondary Sector Once the primary sector produces the raw materials, the secondary sector transforms them into various products. Related Terms What Is an Industry? Affirmative action Equal pay for women Gender pay gap Glass ceiling. Within this, video gaming and virtual reality are also seeing explosive buisness. Nonetheless, it would also seem obvious that there may be big differences between businesses within the same broad economic sector. Usually, production involves a physical transformation of materials. Oxford University Press. Was this document helpful? Some people also distinguish a fourth sector for business, setcor is made up of intellectual activities, such as education. These industries can be further categorized into more specific groups. An economy can be sector for business down into about a dozen sectors, which can describe nearly all of the business busimess in that economy. Bsiness page.