What do you mean 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 are examples of a tertiary industry?

Examples of tertiary sector industries

• Telecommunication.
• Hospitality industry/tourism.
• Mass media.
• Healthcare/hospitals.
• Public health.
• Pharmacy.
• Information technology.
• Waste disposal.

What are 2 examples of tertiary industries?

– 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 are 3 tertiary industries?

The tertiary sector describes all industries that provide services to other businesses or final consumers. It is sometimes also referred to as the service sector or service industries. Examples of tertiary sector industries include retail, health care, financial services, entertainment, and many others.

What are some examples of tertiary sector industries?

Telecommunication.

What are primary, secondary and tertiary industries?

What Are Primary, Secondary & Tertiary Economic Sectors? Primary Sector Extracts Raw Materials. The primary sector of the economy can be classified as the “extractive” industry. Secondary Sector Manufactures and Assembles Goods. Tertiary Sector Refers to Commercial Services. Understanding the Chain of Production.

How is tertiary sector differ from the other two?

The tertiary sector is different from the other two sectors because the other sectors produce goods but this sector does not produce goods by itself. Instead, the tertiary sector activities help in the development of the primary and secondary sectors.

What do you mean by tertiary sector?

tertiary sector (Noun) The sector of the economy that principally provides goods and services to consumers using goods produced by the other sectors.