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Sector or Industry Group –
the difference?
Week 1 Lesson 2
Accounting
YEAR 10
Dec 2014
Learning Intention: Understanding market and
industry sectors.
Success Criteria:
Able to identify and explain the difference
between market (economic) sectors and
industry groups
Dec 2014 Wk1-L2 2
GKR
Create a Mindmap
How many
sectors/sections/parts
of the entertainment
industry can you think
of?
Dec 2014Wk1-L1 3
Key Vocabulary:
• Market
• Sector
Dec 2014 Wk1-L2 4
Activity – Handout 1
• Create your own definitions
– Look at each of the sentences in Handout 1. Study
how each word (in bold) from the vocabulary list is
used.
– Now create your own definitions for each of these
words.
Dec 2014 Wk1-L2 5
Sector or Industry
• The terms industry and sector are often used
interchangeably
– sector refers to large segments (parts) of the
economy
– industry refers to a group of companies that
operate in the same segment of the economy or
share a similar business type
Dec 2014 Wk1-L2 6
Sector
Economies are made up of 4 sectors
(and can be thought of as groups of jobs)
Dec 2014 Wk1-L2 7
Sector
Primary sector - Agricultural activities
Dec 2014 Wk1-L2 8
Livestock farming
Making direct use of natural resources
Sector
Secondary sector - Manufacturing & construction
a finished, usable product
Dec 2014 Wk1-L2 9
Buildings
Road making
Sector
Tertiary sector - Services
Dec 2014 Wk1-L2 10
Law
Healthcare
Banking
Restaurant
Transport &
DistributionRetail
Sector
Quaternary sector - Intellectual pursuits
Dec 2014 Wk1-L2 11
Research Education
Information gathering
Industry Groups
Dec 2014 Wk1-L2 12
Companies are grouped according to their main
business activities. This allows for comparisons
between companies.
Industry Groups
Dec 2014 Wk1-L2 13
Car Industry
Housing Industry
Manufacturing
Industry
Financial
Services
Global Industry Classification Standard
(ICS)
• The Global Industry Classification Standard
(GICS) enables investors to look at the whole
market and compare companies based on
their industry.
• To understand the industry groupings refer to
Handout 2.
Dec 2014 Wk1-L2 14
Handout 3
• Complete Handout 3
You will need to hand this in at the end of the
lesson – Put Your Name On It!!
Dec 2014 Wk1-L2 15
Review:
Use the Exit Slip to -
1. List the 4 sectors of
the economy
providing an
example of what
each sector does
2. What is an industry
group?
3. Identify a learning
strategy you used
today.
Dec 2014Wk1-L1 16

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Sector or Iindustry Group - the Difference

  • 1. Sector or Industry Group – the difference? Week 1 Lesson 2 Accounting YEAR 10 Dec 2014
  • 2. Learning Intention: Understanding market and industry sectors. Success Criteria: Able to identify and explain the difference between market (economic) sectors and industry groups Dec 2014 Wk1-L2 2
  • 3. GKR Create a Mindmap How many sectors/sections/parts of the entertainment industry can you think of? Dec 2014Wk1-L1 3
  • 4. Key Vocabulary: • Market • Sector Dec 2014 Wk1-L2 4
  • 5. Activity – Handout 1 • Create your own definitions – Look at each of the sentences in Handout 1. Study how each word (in bold) from the vocabulary list is used. – Now create your own definitions for each of these words. Dec 2014 Wk1-L2 5
  • 6. Sector or Industry • The terms industry and sector are often used interchangeably – sector refers to large segments (parts) of the economy – industry refers to a group of companies that operate in the same segment of the economy or share a similar business type Dec 2014 Wk1-L2 6
  • 7. Sector Economies are made up of 4 sectors (and can be thought of as groups of jobs) Dec 2014 Wk1-L2 7
  • 8. Sector Primary sector - Agricultural activities Dec 2014 Wk1-L2 8 Livestock farming Making direct use of natural resources
  • 9. Sector Secondary sector - Manufacturing & construction a finished, usable product Dec 2014 Wk1-L2 9 Buildings Road making
  • 10. Sector Tertiary sector - Services Dec 2014 Wk1-L2 10 Law Healthcare Banking Restaurant Transport & DistributionRetail
  • 11. Sector Quaternary sector - Intellectual pursuits Dec 2014 Wk1-L2 11 Research Education Information gathering
  • 12. Industry Groups Dec 2014 Wk1-L2 12 Companies are grouped according to their main business activities. This allows for comparisons between companies.
  • 13. Industry Groups Dec 2014 Wk1-L2 13 Car Industry Housing Industry Manufacturing Industry Financial Services
  • 14. Global Industry Classification Standard (ICS) • The Global Industry Classification Standard (GICS) enables investors to look at the whole market and compare companies based on their industry. • To understand the industry groupings refer to Handout 2. Dec 2014 Wk1-L2 14
  • 15. Handout 3 • Complete Handout 3 You will need to hand this in at the end of the lesson – Put Your Name On It!! Dec 2014 Wk1-L2 15
  • 16. Review: Use the Exit Slip to - 1. List the 4 sectors of the economy providing an example of what each sector does 2. What is an industry group? 3. Identify a learning strategy you used today. Dec 2014Wk1-L1 16

Editor's Notes

  1. Some argue there is a 5th sector being the level where decisions are made. However, the accepted breakdown of Market Sectors
  2. Some argue there is a 5th sector being the level where decisions are made. However, the accepted breakdown of Market Sectors
  3. Some argue there is a 5th sector being the level where decisions are made. However, the accepted breakdown of Market Sectors
  4. Some argue there is a 5th sector being the level where decisions are made. However, the accepted breakdown of Market Sectors
  5. Some argue there is a 5th sector being the level where decisions are made. However, the accepted breakdown of Market Sectors