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 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 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. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.

Detailed explanation-4: -Tertiary Economic Activities: Consist of those businesses and labor specialization that provide services to the general community. They include professionals such as teachers & professors, lawyers, medical officers, clerical and personnel services. Others include professions such as postal services and music.

Detailed explanation-5: -The 3 main sectors of the economy are primary, secondary and tertiary sectors. Manufacturing comes under the secondary sector, extraction of raw materials industries comes under the primary sector of the economy and the services industry comes in the tertiary sector of the economy.