ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following includes only aspects of tertiary production?
A
finance, mining, transportation
B
transportation, wholesaling, retailing
C
agriculture, energy, fisheries
D
forestry, processing, fabrication
E
tourism, entertainment, communications
Explanation: 

Detailed explanation-1: -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-2: -The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or entertainment.

Detailed explanation-3: -Retail trading: Retail trade is a tertiary business activity that involves selling goods and services directly to customers and it occurs through local shops and retail stores devoted to selling customers.

Detailed explanation-4: -Tertiary Sector-Key takeaways Tertiary sector activity includes retail sales, commercial transportation, healthcare, and real estate.

There is 1 question to complete.