The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work . ... the non-market sector (public administration, education, human health, social work activities).
What is meant by tertiary industry?
The tertiary industry is a technical name for the service sector of the economy , which encompasses a wide range of businesses, including financial institutions, schools, hotels, and restaurants. ... As an economy becomes more developed, it tends to shift its focus from primary to secondary and tertiary industries.
What do you mean by Tertiary Industry Class 11?
The tertiary sector is a collection of those industries which provides intangible(no physical form) services like transportation of goods , providing resources such as electricity or water supply, etc. Basically, the tertiary sector includes human activities whose work is to provide services.
What is tertiary industry with example?
– Tertiary industries are service industries, and are the area of most growth in the United Kingdom. Examples include doctors, teachers, lawyers, estate agents, travel agents, accountants and policemen . People working in these industries are described as being in the tertiary sector.
What is tertiary industry in geography?
Tertiary and quaternary industry
The tertiary sector is also called the service sector and involves the selling of services and skills . ... Examples of tertiary employment include the health service, transportation, education, entertainment, tourism, finance, sales and retail .
What is industry and its types Class 11?
(i) Industry Industry refers to an activity which converts raw material into useful products . Industry includes activities related to production and processing as well as activities related to rearing and reproduction of animals 01′ other living species.
What is another name for tertiary industries?
The tertiary sector of the economy, generally known as the service sector , is the third of the three economic sectors of the three-sector theory, (also known as the economic cycle). The others are the secondary sector (approximately the same as manufacturing), and the primary sector (raw materials).
What is a simple definition of tertiary sector?
The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work . It is made of: ... the non-market sector (public administration, education, human health, social work activities).
What are the main components of tertiary sector?
- Retail industry.
- Computer and I.T. services.
- Hotels and tourism services.
- Restaurants and Cafes.
- Transport – rail, bus, air, sea.
- Communication.
- Banking services.
- Insurance services.
Is Apple a tertiary sector?
Apple is a secondary, tertiary and quaternary industry . Apple manufacture their own stock, they produce their goods and services at factories where they are made (secondary). ... The goods that make are useful transportation, most of their goods come with a GPS and internet(tertiary) .
What is the importance of tertiary sector?
Importance of the tertiary sector :
the tertiary sector provides basic services like public transportation, medical care, electricity, banking, post office , etc under the control of the govt. ii. the tertiary sector creates a huge area for employment even for uneducated and unskilled workers.
What is an example of a tertiary activity?
Tertiary activity consists of all occupations of service. Significant examples of tertiary activities include transport, networking, commerce, health, education and administration . The growth of primary and secondary sectors is assisted by these tertiary activities.
What is tertiary skill?
Tertiary is another way of saying “third in importance ,” like socializing with co-workers being a tertiary reason for getting an after-school job — less important than, first, earning money and second, gaining skills.
What are the characteristics of tertiary industries?
The Tertiary Industry focuses on a component of an economy that gives services to its consumers . These services involve a large range of opportunities for example schools, restaurants or financial banks. Normally if a country becomes more developed, they tend to focus on their tertiary sectors.
What are the 4 types of industries?
There are four types of industry. These are primary, secondary, tertiary and quaternary .
What are the features of tertiary sector?
Tertiary sectors refers to the service sector. Main features of Tertiary sectors are: (i) The sector involves activities that help in the development of the primary and secondary sector . (ii) The tertiary sector does not produce any kind of goods but they aid and support in the production process.
