FIRE economy: Difference between revisions
imported>John Grout (To add a definition of FIRE (economy)) |
imported>Doug Williamson m (Add internal reference to "real economy" & categorise.) |
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The FIRE economy is often compared pejoratively to manufacturing and export possibilities or perhaps the wider "productive economy" of value added goods and (non-financial) services. | The FIRE economy is often compared pejoratively to manufacturing and export possibilities or perhaps the wider "productive economy" of value added goods and (non-financial) services. | ||
== See also == | |||
* [[Real economy]] | |||
[[Category:Corporate_financial_management]] | |||
Revision as of 14:09, 14 August 2013
A FIRE economy is one based on Finance, Insurance and Real Estate services.
"Finance, Insurance or Real Estate services" was Division H of the Standard Industrial Classification (SIC) used by the US census bureau before SIC was replaced by the North American Industry Classification (NAIC) System in 1997.
FIRE was the largest industrial division in the New York economy. Journalists popularised the acronym in talking of New York's economy based on Finance, Insurance and Real Estate services. The "and" technically unites the NAIC codes 52 and 53 analogous to the SIC Division H.
Other "FIRE economies" may be London and, perhaps, Tokyo.
The FIRE economy is often compared pejoratively to manufacturing and export possibilities or perhaps the wider "productive economy" of value added goods and (non-financial) services.
