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What is the commercial sector?
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The term “Commercial sector” refers to the interchange of goods or commodities, especially on a large scale, between different countries or between populations within the same country. The “Commercial sector” includes trade (the buying, selling, or exchanging of commodities, whether wholesale or retail) and business (the purchase and sale of goods to make a profit). It involves firms that are not engaged in farming, manufacturing, or transportation.
3 Additional Answers
The commercial sector is made up of Organizations or individuals operating for profit.
A commercial sector is an area that consists of non housing units such as; non manufacturing business establishments like wholesale and retail businesses, health and educational institutions, and government offices. The commercial sector plays an important role in the society.
A commercial sector consists of business establishments that do not engage in transportation or in manufacturing or any other types of industrial activity for example agriculture, mining or construction. Commercial establishments include restaurants, hotels, motels, wholesale businesses and retail stores among others.
Q&A Related to "What is the commercial sector"
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Places in the "Commercial" sector are where the the main purpose of the organisation aims to serve food and make profit like restaurants. Places such as hotels and hospitals
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goverment.
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These days, the leading commercial firms are found in the _______ sector.
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Telecommunication. To compete with AT&T or Verizon, you need to pay billions to own the spectrum. See the results of last spectrum auction in the US: http://en.wikipedia.org
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