Difference between tertiary industry and auxiliary to trade?
Tertiary Industry:
The tertiary industry is also known as the service industry, which is responsible for providing services to consumers. It includes a wide range of services such as transportation, healthcare, education, entertainment, hospitality, finance, and insurance.
Auxiliary to Trade:
Auxiliary to trade refers to the activities that support the trade, commerce, and industry. These activities include packaging, warehousing, transportation, advertising, and banking. Auxiliary to trade is not considered as a separate industry, but it plays a vital role in facilitating trade and commerce activities.
Difference between Tertiary Industry and Auxiliary to Trade:
1. Definition:
Tertiary industry refers to the sector that provides services to consumers, while auxiliary to trade refers to the activities that support the trade, commerce, and industry.
2. Nature of activities:
The tertiary industry involves providing services to consumers, while auxiliary to trade involves providing support services to the trade and commerce activities.
3. Role in the economy:
The tertiary industry plays a crucial role in the economy as it contributes to the growth of GDP. On the other hand, auxiliary to trade plays a supporting role and helps in facilitating trade and commerce activities.
4. Scope:
The scope of the tertiary industry is broader than that of auxiliary to trade. The tertiary industry includes a wide range of services, while auxiliary to trade includes only those activities that support trade and commerce.
5. Employment opportunities:
The tertiary industry offers employment opportunities in various sectors such as healthcare, education, finance, and hospitality. Auxiliary to trade also provides employment opportunities in areas such as transportation, advertising, and warehousing.
Conclusion:
In conclusion, the tertiary industry and auxiliary to trade are two distinct concepts that play different roles in the economy. The tertiary industry provides services to consumers, while auxiliary to trade supports trade and commerce activities. Both are vital for the growth of the economy and offer employment opportunities in various sectors.
Difference between tertiary industry and auxiliary to trade?
Tertiary industries are concerned with the firm that provides all kinds to services including consumer services, transportation for people, banking etc. But , auxiliaries to trade are that facilities the trading process only.
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