What is the definition of tertiary economic activity?

Explanation: Tertiary economic activities are associated with the sale and exchange of manufactured products and raw materials. Examples of this include retail and marketing. In the past hundred years the majority of people living in the developed world have become associated with tertiary economic activities.

What is tertiary activity and example?

Tertiary activity consists of all occupations of service. Significant examples of tertiary activities include transport, networking, commerce, health, education and administration. The growth of primary and secondary sectors is assisted by these tertiary activities.

What is tertiary business activity example?

Tertiary production: this refers to the commercial services that support the production and distribution process, eg insurance, transport, advertising, warehousing and other services such as teaching and health care.

What are tertiary and quaternary economic activities?

Tertiary sector: Companies that provide services such as entertainment, financial, and retailers. Quaternary sector: Involves knowledge-based activities such as information technology, research, and development, as well as consulting services and education.

What is tertiary activity Class 9?

Tertiary sector comprises activities that provide support to the primary and secondary sectors through various services. Trade, transport, communication, banking, education, health, tourism, insurance, etc., are examples of tertiary activities.

What is tertiary activity Class 8?

Tertiary activities are those which provide support to primary and secondary sectors through services.

What are tertiary activities Class 9?

What is tertiary in geography?

The tertiary sector is also called the service sector and involves the selling of services and skills. They can also involve selling goods and products from primary and secondary industries. The quaternary sector is sometimes included with the tertiary sector, as they are both service sectors.

What is tertiary activities in geography?

The tertiary sector is also called the service sector and involves the selling of services and skills. Examples of tertiary employment include the health service, transportation, education, entertainment, tourism, finance, sales and retail .

What are tertiary activities 8?

What are the 4 types of economic activity?

The four economic activities are resource maintenance, production, distribution and consumption. In order for an economy to function properly, a balance of all four activities must be maintained. The four economic activities are essential to the establishment, growth and lifespan of any economy.

What is tertiary economic?

The tertiary sector of the economy is that which relates to the tertiary industry i.e. the industry which provides services to the consumers. This can be anything ranging from a bank where you deposit money to the restaurant where you eat.

What are some examples of Quaternary economic activities?

The portion of an economy that is based on knowledge applicable to some business activity that usually involves the provision of services. For example, the quaternary sector might include: information gathering, distribution and technology; research and development; vocational education; business consulting; and strategic financial services.

What is the definition of tertiary activity?

The tertiary economic activity is the most important in modern economies. It represents more than 60\% of PIB in developed countries and employs most of the workforce. The tertiary economic activity or service sector encompasses the production of services instead of end goods that meet the needs of individuals.