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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. "
With the exception of New Zealand, the majority of independent Polynesian islands derive much of their income from foreign aid and remittances from those who live in other countries. Some encourage their young people to go where they can earn good money to remit to their stay-at-home relatives. Many Polynesian locations, such as Easter Island, supplement this with tourism income. Some have more unusual sources of income, such as Tuvalu which marketed its '. tv' internet top-level domain name or the Cooks that relied on postage stamp sales. Aside from New Zealand, another focus area of economic dependence regarding tourism is Hawaii. Hawaii is one of the most visited areas within the Polynesian Triangle, entertaining more than ten million visitors annually, excluding 2020. The economy of Hawaii, like that of New Zealand, is steadily dependent on annual tourists and financial counseling or aid from other countries or states. "The rate of tourist growth has made the economy overly dependent on this one sector, leaving Hawaii extremely vulnerable to external economic forces. "By keeping this in mind, island states and nations similar to Hawaii are paying closer attention to other avenues that can positively affect their economy by practicing more independence and less emphasis on tourist entertainment. The six countries in Polynesia are New Zealand, Solomon Islands, Tonga, Tuvalu, Vanuatu, and Samoa.