The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining).. This sector is also known as the service sector, since the purpose of this sector is not to create a product but to offer it … Human activities which generate income are known as economic activities. The service sector consists of the "soft" parts of the economy, i.e. How to use tertiary in a sentence. ... New questions in Economy. 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 Economic activities are broadly grouped into primary, secondary, tertiary activities. The definition of tertiary sector with examples. Higher services under tertiary activities are again classified into quaternary and quinary activities. The tertiary sector is one of the sectors in which the economy is divided, which refers to the commercial services that accompany the production and distribution processes. The activity of producing, providing, purchasing, or selling various goods or services is the easiest way to define economic activity. Primary activities are those that are connected directly to natural resources. Classification Tertiary activities are generally divided into into four categories: social services, distribution services, services to companies and services to consumers. What are the sectors of the economy? The tertiary sector of the economy is a collection of industries that produce mostly intangible value, meaning value that has no physical form.It is a hallmark of advanced economies to have a large tertiary sector … Define tertiary sector?? However, tertiary don't have the highly developed infrastructure and real estate markets of bigger metros, making them a bit riskier. The tertiary sector of the economy is the area of action of human activities guided in offering services and in the practice of trade. Let us first understand the differences between the different sectors of the economy, so that … The tertiary sector is the fastest growing industry in today's economic world. The tertiary sector of economy ( also known as the service sector or the service industry) is one of the three economic sector, the others being the secondary sector ( same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining). The tertiary sector is focused on tertiary production, which is commercial services that work to provide support to distribution and production processes such as warehousing, transport services, insurance services, teaching, health care and advertising services. class 10th Economics 2 See answers earspasmusic earspasmusic Answer: 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. Those experts working in tertiary activities are typically called pink-collar workers. The economy of a modern world can be discussed in terms of three sectors: primary, secondary and tertiary. Tertiary definition is - of third rank, importance, or value.