ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The tertiary industry sector makes up the vast majority of employment opportunities and is solely focused on providing services, not goods, to consumers and other organizations. For this reason, it is also known as the service sector.

Detailed explanation-2: -The service sector, also known as the tertiary sector, is the third tier in the three-sector economy. Instead of product production, this sector produces services maintenance and repairs, training, or consulting.

Detailed explanation-3: -The manufacturing and Industry sector are known as the secondary sector, sometimes as the production sector.

Detailed explanation-4: -Secondary sector is also called the industrial sector as it includes all the activities that transform raw materials into products and goods through industrial processes.

Detailed explanation-5: -Since most of the natural products are derived from agriculture, dairy farming, fishing, and forestry, this sector is also called agriculture and related sector.