What Is The Tertiary Sector?

Which is the following is included in tertiary sector?

Answer: Trade, transport, communication, banking, education, health, tourism, services, insurance etc.

are included in the tertiary sector..

What are tertiary activities Class 9?

Tertiary sector comprises activities that provide support to the primary and secondary sectors through various services. Trade, transport, communication, banking, education, health, tourism, insurance, etc., are examples of tertiary activities.

Which part of tertiary sector is growing in importance?

Only a small section of service sector employees high-skilled and educated workers. This part of tertiary sector is gaining more importance. 2. On the other hand as large number of small service sectors are booming which employs a large number of workers such as shopkeeper repair person etc.

What are the advantages of tertiary sector?

Lower Startup Costs One of the main advantages of the tertiary sector is that it has a much lower barrier to entry than starting a business that deals with physical products. For example, opening a manufacturing or retail business requires a large outlay of money that may take years to recoup.

What are tertiary sector jobs?

Tertiary jobs involve providing a service e.g. teaching and nursing. Quaternary jobs involve research and development e.g. IT. Employment Structures. Employment structure means how the workforce is divided up between the three main employment sectors – primary, secondary and tertiary.

What is tertiary sector Brainly?

Tertiary sector is the sector where the employment of people and their goods and services from primary and secondary sector takes place. … It is also called service sector.

Why tertiary sector is rising?

1 Answer. Tertiary sector is growing rapidly because: … (iii) As income level increases certain sections of people start demanding many more services like eating out, tourism, shopping, private hospital etc. (iv) Certain new services have emerged like information and communication technology which have become important.

What is difference between primary secondary and tertiary sector?

Difference between Primary, Secondary and Tertiary Sector With their Comparisons. … The primary sector is where the materials for the secondary sector are gathered. In the secondary sector, the product is then made into consumable item(s) which is then distributed by the tertiary sector.

How is tertiary sector different from others?

Answer: 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. … These activities are an aid or support for the production process, e.g., transport, communication, storage, banking, insurance, trade activities etc.

What do you mean by 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. … the non-market sector (public administration, education, human health, social work activities).

What is tertiary sector class 10th?

Tertiary Sector: These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. Four economic activities of this sector are— banking, transport, storage, communication, etc.

What are the main components of tertiary sector?

What are the main components of tertiary sectorGovernment service.Education service.Health service. Entertainment service.Hotels and Restaurants.Retail. This conversation is already closed by Expert.

What is tertiary sector example?

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.

Why is the tertiary sector the most important?

Tertiary sector has become important in India because : (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. (iii) Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in the level of income.

What are the features of tertiary sector?

Explain any five features of tertiary sectorTertiary activities provide support to the primary and secondary sectors through services. … It do not produce goods while other two sectors perform production.tertiary sector includes new services based on information technology but other two sectors do not.It act as aid or help for production process.