vertical

Understanding the ConceptWhen it comes to business and economics, the term "vertical industry" refers to a specific sector or niche market that focuses on a particular product or service. Unlike a horizontal industry, which caters to a broad range of products or services, a vertical industry is more specialized and concentrated. It is characterized by companies that operate within a specific supply chain or value chain, from raw materials to the end consumer.Examples of Vertical IndustriesVertical industries can be found in various sectors, such as healthcare, technology, finance, manufacturing, and retail. For instance, the healthcare industry comprises various verticals, including…