sector-growth

Vocabulary Word

Definition

'Sector-growth' refers to the progress or increase in a particular area or division - could be in business or economy. It's like a specific department of a company having more sales, meaning, their sector is growing.

Examples in Different Contexts

Market researchers analyze sector growth to identify trends and opportunities for businesses. A market analyst might report, 'Our latest findings show significant growth in the healthcare sector, driven by aging populations and technological advancements.'

Practice Scenarios

Sustainability

Scenario:

Consumer demand for green products has been on an upward trend. Should we look into more sustainable technologies to capitalize on this trend?

Response:

Indeed. Focusing on sustainable sectors can both improve our green credentials and drive sector growth.

Business

Scenario:

We've had decent success with our current retail operations, but we need to identify other potential industry sectors for investment to diversify our portfolio.

Response:

You're right. We should explore sectors with steady growth rates and potential profitability.