CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is tertiary sector?

Open in App
Solution

Tertiary(Third) sectors: the activities of tertiary sector do not produce goods at its own, but assist in the process of production. For example: to sell the goods produced by primary and secondary sectors,trains and trucks are needed to transport them to the whole sale and retail markets, trains and trucks are needed to transport them to the whole sale and retail markets, Godowns are required to store the goods manufacture by industries.

"Thus the activities relating to transport, storage, communication, banks and trade etc. are included in tertiary sector. As the activities of tertiary sector creates services in place of goods and communities, it is also called service sector."

flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Open Economy Economics
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon