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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. "

Melanesia is a subregion of Oceania in the southwestern Pacific Ocean. It extends from New Guinea in the west to Tonga in the east, and includes the Arafura Sea and a few thousand islands. The region includes the four independent countries of Fiji, Vanuatu, the Solomon Islands, and Papua New Guinea. It also includes the French colonial collectivity of New Caledonia and parts of Indonesia – notably the provinces of Papua and West Papua. Almost all of the region is in the Southern Hemisphere; only a few small islands that aren't politically considered part of Oceania—specifically the north western islands of Western New Guinea—lie in the Northern Hemisphere. Countries in Melanesia - Fiji, Vanuatu, the Solomon Islands, Papua New Guinea, New Caledonia.