A market sector is a distinct part of the economy that groups together businesses and organizations with similar products or services. For example, the technology sector includes companies that develop software, hardware, and other tech-related services. Understanding market sectors helps investors and analysts identify trends and opportunities within specific areas of the economy. Market sectors are often categorized into broader categories, such as consumer goods, healthcare, and finance. Each sector can be further divided into sub-sectors, allowing for more detailed analysis. This classification aids businesses in targeting their marketing strategies and helps consumers make informed choices.