Generally, a fishery is an entity engaged in raising and/or harvesting fish, which is determined by some authority to be a fishery. According to the FAO, a fishery 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".

In particular, the term is often applied to a combination of fish and fishers in a region, the latter fishing for similar species with similar gear types.

A fishery may involve the capture of wild fish or raising fish through fish farming or aquaculture.FAO: Fisheries glossary

The term "fish"

• In biology – the term fish is most strictly used to describe any animal with a backbone that has gills throughout life and has limbs, if any, in the shape of fins. Many types of aquatic animals commonly referred to as fish are not fish in this strict sense; examples include shellfish, cuttlefish, starfish, crayfish and jellyfish. In earlier times, even biologists did not make a distinction - sixteenth century natural historians classified also seals, whales, amphibians, crocodiles, even hippopotamuses, as well as a host of aquatic invertebrates, as fish.

• In fisheries – the term fish is used as a collective term, and includes mollusks, crustaceans and any aquatic animal which is harvested. The strict biological definition of a fish, above, is sometimes called a true fish. True fish are also referred to as finfish or fin fish to distinguish them from other aquatic life harvested in fisheries or aquaculture.

Types of fisheries

Fisheries are harvested for their value (commercial, recreational or subsistence). They can be saltwater or freshwater, wild or farmed. Examples are the salmon fishery of Alaska, the cod fishery off the Lofoten islands, the tuna fishery of the Eastern Pacific, or the shrimp farm fisheries in China.

Close to 90% of the world's fishery catches come from oceans and seas, as opposed to inland waters. These marine catches have remained relatively stable since the mid-nineties (between 80 and 86 million tonnes). Most marine fisheries are based near the coast. This is not only because harvesting from relatively shallow waters is easier than in the open ocean, but also because fish are much more abundant near the coastal shelf, due to coastal upwelling and the abundance of nutrients available there. However, productive wild fisheries also exist in open oceans, particularly by seamounts, and inland in lakes and rivers.