The Value Semantic Web of an industry describes how the understanding of economic value of intermediate and final output is evolving for a given cluster of business processes.  As an overview of an industry, it defines, describes and relates the following:

  • Participants - types of institutions or groups of individuals who provide and/or consume Offerings in the industry. 
  • Offerings - types of products, services or bundled products and services that have economic value and are provided and/or consumed by Participants
  • Markets - types of geographic, organizational, legal, or technical structures where Participants buy and sell Offerings