Want to say financial sector differently? Here are other words for financial sector and its similar synonyms and opposite words to say in unique way.
Meaning of financial sector
The financial sector refers to the part of the economy that deals with the creation, allocation, and management of financial resources, including banks, investment firms, insurance companies, and other financial institutions.
Etymology of financial sector
The term "financial sector" originated in the mid-20th century, derived from the words "finance" and "sector".
The word "finance" comes from the Old French word "finer", meaning "to end" or "to settle", which is related to the Latin word "finis", meaning "end" or "boundary".
The word "sector" comes from the Latin word "sector", meaning "a cutter" or "a divider", which is derived from the verb "secare", meaning "to cut".
Synonyms
Definitions
- The financial sector is a segment of the economy that comprises businesses and organizations involved in financial transactions, such as banking, investing, and insurance.
- * It encompasses a broad range of activities, including the management of financial assets, the provision of financial services, and the regulation of financial markets.
- * The financial sector plays a critical role in facilitating economic growth, stability, and development by providing access to capital, managing risk, and promoting financial inclusion.
Usage Examples
- The financial sector is a vital component of the economy, providing essential services such as banking, lending, and investing.
- * The government has introduced new regulations to strengthen the financial sector and prevent future crises.
- * The financial sector is experiencing significant disruption due to the rise of fintech and digital payments.