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The growth of tertiary sector in any country indicates its economic growth Tertiary sector is becoming important in India due to the following reasons i Direct responsibility of the Govt The government takes direct responsibility for the development of tertiary sector It provides basic services to the people like educational
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We already know that jobs are divided into three sectors The Primary sector extracts raw materials from nature the Secondary or manufacturing sector transforms raw materials into elaborated or semi elaborated products and the tertiary or service sector is the one we are going to learn about today
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Jul 7 2022The 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 … the non market sector public administration education human health social work activities What are the types of industry
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Jun 1 2021The same applies to the further processing of gold gold melt or other metals Even the processing of rough diamonds in the country has only limited potential despite all efforts to grind some of the diamonds on site and also process them into jewelry Improving Income Tertiary Sector In the tertiary sector in addition to the further
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GDP from Services in China increased to CNY HML in the third quarter of 2024 from 304868 CNY HML in the second quarter of 2024 GDP from Services in China averaged CNY HML from 1992 until 2024 reaching an all time high of CNY HML in the fourth quarter of 2024 and a record low of CNY HML in the first quarter of 1992 This page provides China Gdp From
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Definition The service sector is comprised of firms offering intangible goods such as entertainment retail insurance tourism and banking The service sector will make use of manufactured goods but there is an additional component of offering a service to customers A cafe selling coffee is an example of the service sector
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Mar 19 2021Tertiary Sector These are activities that help in the development of the primary and secondary sectors These activities by themselves do not produce a good but they are an aid or a support for the production process Four economic activities of this sector are— banking transport storage communication etc
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Gold ore mining industry is the main economic resources for fiji and there are two read more tertiary and secondary activities having to do with gold process of gold tertiary sector sectors of economy primary secondary tertiary quaternary and economic activities are broadly grouped into primary secondary tertiary activities with
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The tertiary and quaternary sectors make up the largest part of the UK economy employing 76 per cent of the workforce R D research particularly in scientific fields is a service in the
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In 1998 it was % in 2024 it was % in 2024 it was % and in 2024 it was % but as the tertiary sector was increasing the primary sector was decreasing In 1993 it was %
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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 Although some gold coins such as the Krugerrand are
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Feb 10 2021The 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 What is the ownership of McDonalds McDonald s ownership is a franchise McDonald is a large business with more than 30 000 restaurants in
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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 The service sector consists of the soft parts of the economy activities where people offer their
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tertiary sector noun [ S ] uk us ECONOMICS the part of a country s economy that is connected with providing services rather than producing goods A considerable portion of the GDP comes from the tertiary sector Compare primary sector secondary sector
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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 Similar Mind Maps Outline
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Jul 11 2022The Tertiary sector which includes the service industry is the most important of all sectors The tertiary sector of the economy is responsible for providing services to both businesses and final consumers Services can include the transportation distribution and sale of commodities from a producer to a customer as in wholesaling and retailing or providing of a service as in pest
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It should be noted that this sector is also called tertiary the primary and secondary sectors are dedicated to the production of material goods Characteristics of the services The activities that correspond to the services sector have the following characteristics 1 They are intangible
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Sep 21 2021The primary sector includes activities related to obtaining natural resources such as agriculture and fishing The secondary or industrial sector is responsible for the transformation of resources from the primary sector such as the textile and automobile industries The tertiary sector encompasses the provision of services such as commerce
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Jan 14 2022It is the sector that directly interacts with natural supplies and materials like soil wood wild and domesticated animal life coal gold silver and diamonds Occupations in the
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The Following are the Secondary Sector s Contributions to the Indian Economy i The secondary sector is responsible for 20% of the total Gross domestic product in India ii Individuals are employed iii It provides items such as apparel rice copper and metal to its iv The Secondary sector of the economy contributes to the
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Solution Tertiary Third sectors the activities of tertiary sector do not produce goods at its own but assist in the process of production For example to sell the goods produced by primary and secondary sectors trains and trucks are needed to transport them to the whole sale and retail markets trains and trucks are needed to transport
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Tertiary Sector Refers to Commercial Services The tertiary sector of the economy is the service industry Service companies do not provide a physical good like the primary or secondary sectors but they still provide value For example banks insurance and the police all are examples of the service industry
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Tertiary sector is an economic sector that involves the provision of services This sector includes various economic activities Examples are trade banking insurance transportation health real estate accommodation and education
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The tertiary sector grows with the economy The sector is made of Non Market Sector This includes education public administration social work health etc Market Services Sector This includes financial operations real estate transport trade and much more
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Services sector is the largest sector of India Gross Value Added GVA at current prices for Services sector is estimated at lakh crore INR in 2024 19 Services sector accounts for % of total India s GVA of lakh crore Indian rupees With GVA of Rs lakh crore Industry sector contributes %
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See answer 1 Best Answer Copy The tertiary sector is growing for a number of reasons Population is growing and aging As there is more elderly people more services are needed to be provided
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Artificial intelligence permeates the entire Industry ecosystem and is not only limited to the production example of this is the use of AI algorithms to optimize the supply chain of manufacturing operations and to help them better respond to and anticipate changes in the market
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Tertiary sector 1 Tertiary Sector 2 Employment structures Comparing employment structures • The employment structure of a country shows how the labour force is divided between the primary secondary and tertiary sectors Different countries have different employment structures The employment structure of a given country can tell you quite
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Tertiary sector helps in the development of secondary and primary sectors Tertiary sector supports the production process the activities of the tertiary sector by themselves do not produce goods There are 3 main sectors based on the activities carried out The sectors can be classified as Primary Secondary and Tertiary sector
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the city region review 2024 GCRO Gauteng City Region Observatory Despite its relatively small size the primary sector remains significant in Gauteng … Similarly gold mining and its associated industrial activity have propelled the growth of the … In the tertiary sector Gauteng s finances and business service sector …
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