economic sector
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economic sector
A specific sector or area of the economy in which similar products are manufactured or services are offered. Synonymous with industry.
Die Automobilindustrie ist ein wichtiger Wirtschaftszweig in Deutschland.
The automotive industry is an important economic sector in Germany.
This word is made up of 'Wirtschaft' (economy) and 'Zweig' (branch). A 'Zweig' is part of a tree; here it is used metaphorically for a subarea or branch of the overall economy.
Die Informationstechnologie ist ein relativ neuer Wirtschaftszweig.
Information technology is a relatively new economic sector.
'Wirtschaftszweig' (economic sector) is often combined with adjectives that describe its importance or development. Typical examples are 'ein wichtiger' (an important), 'ein wachsender' (a growing), 'ein starker' (a strong), or 'ein bedeutender' (a significant) economic sector.
Der Tourismus ist für viele Küstenregionen der wichtigste Wirtschaftszweig.
Tourism is the most important economic sector for many coastal regions.
The word is often used with the preposition 'in' and the dative to express an activity or affiliation. A typical phrase is 'in einem Wirtschaftszweig tätig sein' (to work in an economic sector).
Mein Bruder ist im Wirtschaftszweig der erneuerbaren Energien tätig.
My brother works in the renewable energy sector.
market
'der Markt' and 'der Wirtschaftszweig' can both describe an area of the economy. 'Markt' refers more to the area where products or services are sold, so it involves customers, prices, and competition. 'Wirtschaftszweig' describes more the type of economic activity, for example tourism, construction, or agriculture. When you are talking about demand and sales, 'Markt' fits more naturally. When you are classifying a part of the economy, 'Wirtschaftszweig' is more precise.
Der Tourismus ist für diese Region ein wichtiger Wirtschaftszweig.
Tourism is an important economic sector for this region.
Der Markt für gebrauchte Fahrräder ist im Frühling besonders aktiv.
The market for used bicycles is especially active in spring.