Financial Sector
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.
- The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers.
- A strong financial sector is a sign of a healthy economy.
- The financial sector generates a good portion of its revenue from loans and mortgages and thrives in a low-interest-rate environment.
- The sector is comprised of many different industries including banks, investment companies, insurance companies, and real estate firms.
Figure 1: The Composition of the Financial Services
Source: https://www.investopedia.com/terms/f/financial_sector.asp