Business sector (Productivity and Costs)

What is Business sector (Productivity and Costs)?

Business sector (Productivity and Costs) meaning in Labor terms is The business sector is a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. The business sector accounted for about 78 percent of the value of gross domestic product (GDP) in 2000.

 

reference: Glossary: U.S. Bureau of Labor Statistics – United States Department of Labor

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