ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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mining, fishing, forestry
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manufacturing
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retail
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research and development
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Detailed explanation-1: -Tertiary sector is also known as service sector since it deals with all types of services. For example, trade, banking and insurance-all are included in the service sector.
Detailed explanation-2: -What businesses are in the tertiary sector? Businesses in the tertiary sector include retail, hotels, restaurants, insurance, law firms, and waste disposal.
Detailed explanation-3: -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-4: -Tertiary sector: Companies that provide services such as entertainment, financial, and retailers.
Detailed explanation-5: -Tertiary activity by itself does not produce goods, but supports the production process. For example: Transport, communication, banking, storage and trade. Agriculture is a primary activity and manufacturing is a secondary activity.