Tertiary Sector — Flashcards

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The tertiary sector is the part of the economy where businesses produce services. These are non-physical products that cannot be touched or stored, such as a haircut or a train journey. Examples inclu…

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It is called the service sector because it provides services instead of goods. Services help people and other sectors by making transport, communication, finance, health, and education available.

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Services are non-physical products that cannot be touched or stored. A haircut, a train journey, or a banking service are examples of services.

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Productive services include trading, transportation, communication, financial services, and banking services. Consumer services include education, health services, and domestic services. Productive se…

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Economic services include trade, transport, communication, banking, insurance, power, and irrigation. These directly support production and distribution. Social services include health, education, and…

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The tertiary sector supports agriculture and industry by providing transport, storage, banking, communication, education, and health services. These services help goods move, help workers become skill…

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Transport moves people and materials from one place to another. It helps carry raw materials, fuel, and machines, expands markets, reduces distance barriers, increases trade, creates jobs, and support…

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Transport or transportation is the movement of men and materials from one location to another.