Business, Legal & Accounting Glossary
The Basic Materials Sector consists of companies involved with the discovery, development and processing of raw materials.
Industry Components of the Basic Materials Sector
The following industries are grouped under the Basic Materials sector.
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Basic Materials and the Business Cycle
The basic materials sector is sensitive to changes in the business cycle. Because the sector supplies materials for construction, it depends on a strong economy. This sector is also sensitive to supply and demand fluctuations because the price of raw materials, such as gold or other metals, is largely demand-driven.
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This glossary post was last updated: 23rd March, 2020 | 3 Views.