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How Do Economic Classification Concepts Organize Economies, Sectors, Industries, Markets, Hubs, Ecosystems, Supply Chains, and Value Chains?
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2 Articles
Luís Silva, President of Porto Tech Hub, analyzes the growth of the technological ecosystem in the North and the challenges that arise with the maturity of the sector.
·Portugal
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How Do Economic Classification Concepts Organize Economies, Sectors, Industries, Markets, Hubs, Ecosystems, Supply Chains, and Value Chains?
The 2022 North American Industry Classification System divides economic production into 20 sectors, yet those 20 sectors cannot by themselves describe customers, technologies, geographic concentrations, supplier relationships, distribution channels, business models, or the movement of value through an industry. This limitation explains why economic classification concepts multiply so quickly. Economy, sector, industry, market, segment, hub, clus…
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