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Industry vs Sector


Just wondering, which is which? RGS and GICS define sector as the broadest category while ICB uses industry. Is this something that needs to be discerned on a case by case basis and based on context or is one definition preferred to the other?

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In all of the lists I’ve seen, sectors are broader than industries.

For example, on one list that I use when writing practice questions, the consumer staples sector includes these industries:

  • Beverages
  • Food & Staples Retailing
  • Food Products
  • Household Products
  • Personal Products
  • Tobacco

Simplify the complicated side; don't complify the simplicated side.

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Merci. I guess I’ll go with that rule of thumb.