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Commercial fishing is the activity of catching fish and other seafood for commercial profit, mostly from wild fisheries. It provides a large quantity of food to many countries around the world, but those who practice it as an industry must often pursue fish far into the ocean under adverse conditions.
The fishing industry includes any industry or activity that takes, cultures, processes, preserves, stores, transports, markets or sells fish or fish products. It is defined by the Food and Agriculture Organization as including recreational, subsistence and commercial fishing, as well as the related harvesting, processing, and marketing sectors. [1]
Commercial fishermen rely on catches to provide for their families just as farmers rely on crops. Commercial fishing can be a traditional trade passed down from generation to generation. Most commercial fishing is based in towns built around the fishing industry; regulation changes can impact an entire town's economy.
Fishing industry – includes any industry or activity concerned with taking, culturing, processing, preserving, storing, transporting, marketing or selling fish, fish products or shellfish. It is defined by the FAO as including recreational , subsistence and commercial fishing , and the harvesting, processing , and marketing sectors.
According to the FAO, "...a fishery is an activity leading to harvesting of fish.It may involve capture of wild fish or raising of fish through aquaculture." It is typically defined in terms of the "people involved, species or type of fish, area of water or seabed, method of fishing, class of boats, purpose of the activities or a combination of the foregoing features".
Economic or bioeconomic overfishing additionally considers the cost of fishing and defines overfishing as a situation of negative marginal growth of resource rent. Fish are being taken out of the water so quickly that the growth in the profitability of fishing slows down. If this continues for long enough, profitability will decrease.
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Commercial fishing is the capture of fish for commercial purposes. Those who practice it must often pursue fish far from the land under adverse conditions. Commercial fishermen harvest a wide range of aquatic species, from tuna, cod and salmon to shrimp, krill, lobster, clams, squid and crab, in various fisheries for these species. Commercial ...