Definition of tertiary sector?

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Answer

Answer

ᴛʜᴇ ᴛᴇʀᴛɪᴀʀʏ sᴇᴄᴛᴏʀ ᴄᴏᴠᴇʀs ᴀ ᴡɪᴅᴇ ʀᴀɴɢᴇ ᴏғ ᴀᴄᴛɪᴠɪᴛɪᴇs ғʀᴏᴍ ᴄᴏᴍᴍᴇʀᴄᴇ ᴛᴏ ᴀᴅᴍɪɴɪsᴛʀᴀᴛɪᴏɴ, ᴛʀᴀɴsᴘᴏʀᴛ, ғɪɴᴀɴᴄɪᴀʟ ᴀɴᴅ ʀᴇᴀʟ ᴇsᴛᴀᴛᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs, ʙᴜsɪɴᴇss ᴀɴᴅ ᴘᴇʀsᴏɴᴀʟ sᴇʀᴠɪᴄᴇs, ᴇᴅᴜᴄᴀᴛɪᴏɴ, ʜᴇᴀʟᴛʜ ᴀɴᴅ sᴏᴄɪᴀʟ ᴡᴏʀᴋ.

→ɪᴛ ɪs ᴍᴀᴅᴇ ᴏғ:

• ᴛʜᴇ ᴍᴀʀᴋᴇᴛ sᴇʀᴠɪᴄᴇs sᴇᴄᴛᴏʀ (ᴛʀᴀᴅᴇ, ᴛʀᴀɴsᴘᴏʀᴛs, ғɪɴᴀɴᴄɪᴀʟ ᴏᴘᴇʀᴀᴛɪᴏɴs, ʙᴜsɪɴᴇss sᴇʀᴠɪᴄᴇs, ᴘᴇʀsᴏɴᴀʟ sᴇʀᴠɪᴄᴇs, ᴀᴄᴄᴏᴍᴍᴏᴅᴀᴛɪᴏɴ ᴀɴᴅ ғᴏᴏᴅ sᴇʀᴠɪᴄᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs, ʀᴇᴀʟ ᴇsᴛᴀᴛᴇ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ-ᴄᴏᴍᴍᴜɴɪᴄᴀᴛɪᴏɴ);
• ᴛʜᴇ ɴᴏɴ-ᴍᴀʀᴋᴇᴛ sᴇᴄᴛᴏʀ (ᴘᴜʙʟɪᴄ ᴀᴅᴍɪɴɪsᴛʀᴀᴛɪᴏɴ, ᴇᴅᴜᴄᴀᴛɪᴏɴ, ʜᴜᴍᴀɴ ʜᴇᴀʟᴛʜ, sᴏᴄɪᴀʟ ᴡᴏʀᴋ ᴀᴄᴛɪᴠɪᴛɪᴇs).
• ᴛʜᴇ ᴘᴇʀɪᴍᴇᴛᴇʀ ᴏғ ᴛʜᴇ ᴛᴇʀᴛɪᴀʀʏ sᴇᴄᴛᴏʀ ɪs ᴛʜᴇʀᴇғᴏʀᴇ ᴅᴇғɪɴᴇᴅ ʙʏ ᴄᴏᴍᴘʟᴇᴍᴇɴᴛᴀʀɪᴛʏ ᴡɪᴛʜ ᴀɢʀɪᴄᴜʟᴛᴜʀᴀʟ ᴀɴᴅ ɪɴᴅᴜsᴛʀɪᴀʟ ᴀᴄᴛɪᴠɪᴛɪᴇs (ᴛʜᴇ ᴘʀɪᴍᴀʀʏ ᴀɴᴅ sᴇᴄᴏɴᴅᴀʀʏ sᴇᴄᴛᴏʀs).

Answer

Tertiary Sector Definition

The tertiary sector is the part of the economy that provides services to individuals and businesses. This sector includes a wide range of industries such as healthcare, education, finance, hospitality, transportation, and retail. It is also known as the service sector or the service industry.

Explanation

The tertiary sector is the largest sector of the economy in many developed countries, including the United States and most of Europe. This sector is characterized by its focus on providing intangible goods and services rather than physical goods.

The primary and secondary sectors of the economy are involved in the production of goods, while the tertiary sector is focused on the delivery of services. This sector is crucial in providing the support needed to keep the economy running smoothly.

Examples of Tertiary Sector Industries

There are a wide range of industries that fall under the category of the tertiary sector. Some examples of these industries include:

- Healthcare: Hospitals, clinics, and other medical facilities that provide health-related services to individuals.

- Education: Schools, colleges, and universities that provide educational services to students.

- Finance: Banks, investment firms, and other financial institutions that provide financial services to individuals and businesses.

- Hospitality: Hotels, restaurants, and other establishments that provide accommodation and food services.

- Transportation: Airlines, shipping companies, and other transportation providers that move people and goods from one place to another.

- Retail: Stores and other businesses that sell goods directly to consumers.

Importance of the Tertiary Sector

The tertiary sector is important in driving economic growth and development. It provides employment opportunities and generates revenue for businesses and governments. This sector is also crucial in meeting the needs and demands of consumers and businesses, which helps to keep the economy running smoothly.

In conclusion, the tertiary sector is a vital part of the economy that provides services to individuals and businesses. This sector is focused on delivering intangible goods and services, and includes a wide range of industries such as healthcare, education, finance, hospitality, transportation, and retail.

Answer

The service sector consists of the production of services instead of end products. Services (also known as 'intangible goods') include attention, advice, access, experience, and affective labor. The production of information has been long regarded as a service, but some economists now attribute it to a fourth sector, the quaternary sector.

The tertiary sector of industry involves the provision of services to other businesses as well as final consumers. Services may involve the transport, distribution and sale of goods from producer to a consumer, as may happen in wholesaling and retailing, pest control or entertainment. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is on people by interacting with people and serving the customer rather than transforming the physical goods

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In Simple words Tertiary sector is a sector which provides service for ex. teacher, driver, doctor etc. That's why we say it Service sector also..your always welcome Akshit.

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It's the sector of an economy concerned with or relating to tertiary industry .

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The tertiary industry is the segment of the economy that provides services to its consumers, including a wide range of businesses such as financial institutions, schools and restaurants. It is also known as the tertiary sector or service industry/sector.

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We have 3 sectors...1.agricultural sector2..industrial sector..3.service sector....agricultural sector is also known as primary sector2.industrial sector is also known as secondary sectorservice sector is also known as tertiary sector...doctor.teacher etc come under this sectorhope u got it

Answer

Firstly, all the economic activities are classified into groups each called sector. there are total 3 sectors. tertiary sector is that sector which includues economic activities related to services like doctor, plumber, call centre etc.tertiary sectors dont produce goods like the other two sectors do.best example to understand- a farmer grows wheat is primary, a miller converts that wheat into flour with help of machines is secondary and this flour needs transportation, storage and other stuffs included in tertiary.HOPE IT HELPS

Similar Class 10 Doubts

How is tertiary sector different from other sectors?ans it with example

explain the difference between primary, secondary And tertiary sector using example Related: Video: Sectors of Indian Economy (Hindi Explanation)?

What are the reasons tertiary sector give more employment in comparison to other sectors.?

Why is tertiary sector also known as service sector?

How is tertiary sector different from the other two sectors of economic activities?

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