The commercial sector refers to the part of the economy that involves businesses and organizations engaged in the production, distribution, and sale of goods and services. This sector includes various industries such as retail, manufacturing, and finance, and it plays a crucial role in driving economic growth and providing employment opportunities.
Businesses in the commercial sector operate for profit and can range from small local shops to large multinational corporations like Walmart or Apple. The activities in this sector are influenced by market demand, competition, and consumer preferences, making it a dynamic and essential component of the overall economy.