tertiary production definition business
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 production?
It encompasses whole sale and retail trade, repair services, hotels and restaurants, financial services, real estate, business services, rental services, public administration, defence and social security, education, health and social work and other community, social and personal services.
What is the meaning of tertiary industry in business?
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.
What is the tertiary industry industry?
Meaning of tertiary industry in English. an industry that provides services rather than producing goods, or these industries considered as a group: The government is studying the structure of tertiary industries and plans to develop the business consultancy and tourism sectors.
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