ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Primary sector
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Secondary sector
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Tertiary sector
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Quaternary sector
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Quinary sector
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Detailed explanation-1: -The tertiary sector consists of the provision of services instead of end products. Services (also known as “intangible goods") include attention, advice, access, experience and affective labor.
Detailed explanation-2: -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.
Detailed explanation-3: -The tertiary industry is the segment of the economy that provides services to its consumers, including a wide range of businesses such as financial institutions, schools and restaurants. It is also known as the tertiary sector or service industry/sector.
Detailed explanation-4: -The primary sector includes basic industries like fishing, mining, and agriculture. The secondary sector has manufacturing industries. The tertiary sectors include final point industries like finance, hotel, trade, banking, and tourism.