tertiary sector - part of the economy that involves services rather than goods
Anberlin's tours are part of the tertiary sector because they provide their fans with live sound and music around the globe, for which they travel and set up for in advance.
postindustrial economy - a productive system based on service work and computer technology
Anberlin uses studio and sound technology to record their music.
Universal Records is the largest recording corporation in the world.
corporation - an organization with a legal existence, including rights and liabilities, separate from that of its members.
Universal Records is a music corporation that signed Anberlin. Among other artists they have signed with are Akon, Aqua, and Atreyu.
Socialism - an economic system in which natural resources and the means of producing goods and services are collectively owned.
Anberlin's organization, Faceless International, reaches out to socialist countries and disadvantaged citizens of those countries.
Capitalism - an economic system in which natural resources and the means of producing goods and services are privately owned.
Pursuit of personal profit - a capitalist society seeks to create profit and wealth. Making money is considered the natural way of economic life
Anberlin has become popular enough that they can now have band memorabilia manufactered and they can sell in at their concerts and on tour. This demonstrates taking advantage of the capitalistic society because Anblerin is making an effort to create a profitable institution through the sale of their merchandise.
Global Economy - economic activity that crosses national borders.
Anberlin sells a variety of merchandise promoting the band, from from sweatshirts and tees to hats and other various accessories. They take these products with them when they go on tour around the world, and these products are then sold internationally.
postindustrial economy - a productive system based on service work and computer technology
corporation - an organization with a legal existence, including rights and liabilities, separate from that of its members.
Socialism - an economic system in which natural resources and the means of producing goods and services are collectively owned.
Capitalism - an economic system in which natural resources and the means of producing goods and services are privately owned.
Global Economy - economic activity that crosses national borders.