Financial Services
The economy is made up of many different segments called sectors. These sectors are comprised of different businesses that provide goods and services to consumers. The companies that are grouped together in a sector provide a similar product or service. For instance, companies that offer agricultural services make up the agricultural sector. Corporations that provide mobile or cellular telephone services are part of the telecommunications sector. This article looks at the financial services sector, one of the most important segments of the economy.
KEY TAKEAWAYS
Financial services make up one of the economy's most important and influential sectors.
Financial services is a broad range of more specific activities such as banking, investing, and insurance.
Financial services are limited to the activity of financial services firms and their professionals while financial products are the actual goods, accounts, or investments they provide.
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