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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. "

Eastern Europe is the eastern region of Europe. There is no consistent definition of the precise area it covers, partly because the term has a wide range of geopolitical, geographical, ethnic, cultural, and socioeconomic connotations. Russia, located in Eastern Europe, is both the largest and most populous country of Europe, spanning roughly 40% of the continent's total landmass, with over 15% of its total population. According to the Center for Educational Technologies at Wheeling Jesuit University, there are "almost as many definitions of Eastern Europe as there are scholars of the region". A related United Nations paper adds that "every assessment of spatial identities is essentially a social and cultural construct". One definition describes Eastern Europe as a cultural entity: the region lying in Europe with the main characteristics consisting of East Slavic, Greek, Byzantine, Eastern Orthodox, and some Ottoman cultural influences. Another definition was created during the Cold War and used more or less alike with the term Eastern Bloc. A similar definition names the formerly communist European states outside the Soviet Union as Eastern Europe. Such definitions are often seen as outdated but they are still sometimes used for statistical purposes. Countries in eastern europe, Belarus, Bulgaria, the Czech Republic, Hungary, Moldova, Poland, Romania, Slovakia, Ukraine and the western part of the Russian Federation.