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In macroeconomics, an industry is a branch of an economy that produces a closely-related set of raw materials, goods, or services. When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to classify it within a specific industry. However, a single business need not belong just to one industry, such as when a large business diversifies across separate industries. Industries, though associated with specific products, processes, and consumer markets, can evolve over time. One distinct industry (for example, barrel making) may become limited to a tiny niche market and get mostly re-classified into another industry using new techniques. At the same time, entirely new industries may branch off from older ones once a significant market becomes apparent (as the semiconductor industry becomes distinguished from the wider electronics industry). Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships. However, more complex cases, such as otherwise different processes yielding similar products, require an element of standardization and prevent any one schema from fitting all possible uses. "
The Caribbean is a region of the Americas that comprises the Caribbean Sea, its surrounding coasts, and its islands (some of which lie within the Caribbean Sea and some of which lie on the edge of the Caribbean Sea where it borders the North Atlantic Ocean). The region lies southeast of the Gulf of Mexico and of the North American mainland, east of Central America, and north of South America. The region, situated largely on the Caribbean Plate, has more than 700 islands, islets, reefs and cays (see the list of Caribbean islands). Countries in Caribbean are Antigua, Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts, Nevis, Saint Lucia, Saint Vincent, the Grenadines, Suriname, Trinidad and Tobago.