Financial sector,
Definition of Financial sector:
The part of an overall economy that is primarily made up of money markets, banking institutions and brokers. The finance sector is a very important aspect of most large and highly developed economies, such as those in the United States, the United Kingdom, Japan and Switzerland.
The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms.
A large portion of this sector generates revenue from mortgages and loans, which gain value as interest rates drop. The health of the economy depends, in large part, to the strength of its financial sector. The stronger it is, the healthier the economy. A weak financial sector typically means the economy is weakening.
How to use Financial sector in a sentence?
- The financial sector generates a good portion of its revenue from loans and mortgages and thrives in a low-interest-rate environment.
- The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers.
- The sector is comprised of many different industries including banks, investment companies, insurance companies, and real estate firms.
- A strong financial sector is a sign of a healthy economy.
Meaning of Financial sector & Financial sector Definition