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