Question: What Is The Tertiary Industry?

Is Apple a tertiary sector?

Apple is a secondary, tertiary and quaternary industry.

Apple manufacture their own stock, they produce their goods and services at factories where they are made (secondary).

The goods that make are useful transportation, most of their goods come with a GPS and internet(tertiary) ..

Which is the following is included in tertiary sector?

Trade, transport, communication, banking, education, health, tourism, services, insurance etc. are included in the tertiary sector.

What are the features of tertiary sector?

Explain any five features of tertiary sectorTertiary activities provide support to the primary and secondary sectors through services. … It do not produce goods while other two sectors perform production.tertiary sector includes new services based on information technology but other two sectors do not.It act as aid or help for production process.

What do you mean by tertiary industry?

The tertiary industry is a technical name for the service sector of the economy, which encompasses a wide range of businesses, including financial institutions (FIs), schools, hotels, and restaurants. … As an economy becomes more developed, it tends to shift its focus from primary to secondary and tertiary industries.

Is farming a tertiary industry?

Examples include mining, quarrying, farming, fishing and forestry, all of which produce raw materials that can be processed in to a finished product. People working in these industries are described as being in the primary sector. … People working in these industries are described as being in the tertiary sector.

Why is tertiary industry important?

(i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. … Thus, tertiary sector is certainly important for the development of other sectors in an economy.

What are the main components of tertiary sector?

What are the main components of tertiary sectorGovernment service.Education service.Health service. Entertainment service.Hotels and Restaurants.Retail. This conversation is already closed by Expert.

What are tertiary jobs?

Tertiary jobs involve providing a service e.g. teaching and nursing. Quaternary jobs involve research and development e.g. IT. Employment Structures. Employment structure means how the workforce is divided up between the three main employment sectors – primary, secondary and tertiary.

What are the primary secondary and tertiary industries?

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

Why tertiary sector is rising?

1 Answer. Tertiary sector is growing rapidly because: … (iii) As income level increases certain sections of people start demanding many more services like eating out, tourism, shopping, private hospital etc. (iv) Certain new services have emerged like information and communication technology which have become important.

Is Tesco tertiary sector?

Tesco’s belong to the tertiary sector because it does not make products as such but it mainly provides a valuable service that consumers and other business are prepared to pay for and/ or use. … The main purpose of Tesco is to make profit and expand their business.

What is an example of a tertiary industry?

Sales, repair services, banking, and insurance are all part of the tertiary industry. People who work in the tertiary sector include workers in the tourism and hospitality industry, doctors, couriers, and business consultants.

Is tourism a tertiary industry?

Tourism is an example of tertiary sector. The service sector of economy is also known as tertiary sector.