Tertiary Sector Examples
Here are some of the examples of tertiary sector:
- Commercial banks, investment banks, credit unions, and other financial institutions that offer services such as loans, investments, and financial advice.
- Schools, colleges, universities, and other educational institutions that provide formal education and training services.
- Hospitals, clinics, nursing homes, and healthcare providers that offer medical services, treatment, and healthcare support.:
- Hotels, restaurants, travel agencies, tour operators, and other businesses involved in providing accommodations, food services, and travel-related services.
- Airlines, railways, road transport companies, shipping companies, and other entities involved in the movement of people and goods.
- Telecom companies that provide services such as mobile and landline communication, internet, and data services.
Tertiary Sector – Meaning, Examples & Potential
The Indian economy is divided into three sectors i.e. Primary, Secondary and Tertiary. A good performance in all these sectors is essential for India’s economic growth. The primary sector basically acts as the raw material supplier while the secondary sector also known as the processing or the manufacturing sector turns the material into finished goods. The tertiary sector provides services to both the primary and secondary sectors of the Economy. The tertiary sector is quite important for the Indian economy as the majority of people in India are employed in this sector.
Table of Content
- What is a Tertiary Sector?
- Tertiary Sector Examples
- What Kind of Industries Comes under the Tertiary Sector?
- Potential of the Tertiary Sector
- The Present Condition of the Tertiary Sector in India
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