Canadian System of Environmental-Economic Accounts - Physical Flow Accounts (PFA)

Industry of industrial sector, type

Industry refers to a generally homogeneous group of economic producing units, primarily engaged in a specific set of activities. An activity is a particular method of combining goods and services inputs, labour and capital to produce one or more goods and/or services (products). In most cases, the activities that define an industry are homogeneous with respect to the production processes used.

Industrial sector refers to resident institutional units, excluding those in the household sector.