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 do you mean by tertiary economic activities?
Tertiary sector definitions: Definition 1: the tertiary economic activity or service sector encompasses the production of services instead of end goods that meet the needs of individuals .
What is an example of tertiary economic activity?
Explanation: Tertiary economic activities include anything that has to do with the sale or exchange of goods . Retail, or the business of selling things, is one of the biggest areas of tertiary economic activity. Other examples include cab driving, real estate, and entertainment.
What are tertiary activities?
Tertiary activity consists of all service occupations. Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities help in the development of the primary and secondary sectors. ... So these are also known as support services.
Which is the best example of a tertiary sector economic activity?
Explanation: Tertiary economic activities are associated with the sale and exchange of manufactured products and raw materials. Examples of this include retail and marketing . In the past hundred years the majority of people living in the developed world have become associated with tertiary economic activities.
Which of the following is an example of tertiary activity?
Complete answer:
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 are some examples of secondary economic activity?
Examples include textile production, car manufacturing, and handicraft . Manufacturing is an important activity in promoting economic growth and development.
What are the characteristics of tertiary economic activities?
Tertiary and quaternary industry
They can also involve selling goods and products from primary and secondary industries . Examples of tertiary employment include the health service, transportation, education, entertainment, tourism, finance, sales and retail .
What are the examples of tertiary production?
It encompasses whole sale and retail trade, repair services, hotels and restaurants , financial services, real estate, business services, rental services, public administration, defence and social security, education, health and social work and other community, social and personal services.
What do you mean by Tertiary zone?
of the third order, rank, stage, formation, etc .; third. 2. Chemistry. a. noting or containing a carbon atom united to three other carbon atoms.
Is banking a tertiary activity?
Tertiary Industry or sector
Workers in the tertiary part of the economy provide services rather than goods. Sales,, banking, and insurance are all part of the tertiary industry. ✔Banking is a tertiary Industry because a bank is a financial institution that accepts deposits from the public and creates credit.
Which is a secondary activity?
A secondary activities is an activity performed by a unit in addition to its principal activity . The result of a secondary activity is called secondary production.
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.
What is the best example of a primary economic activity?
Primary economic activity is defined as the act of directly harvesting natural resources. Logging tree stands for a living would be the best example of all provided choices.
What are the 5 sectors of economy?
Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and Quinary .
What is a primary economic activity?
Such primary economic activities produce basic food stuff and raw materials for industry and may include; agriculture, hunting and gathering , pastoral farming, crop cultivation, forestry, mining, logging and fishing. 2.
