Encyclopedia > Industry Tertiary Sector

  Article Content

Tertiary sector of industry

Redirected from Industry/Tertiary Sector

The tertiary sector of industry is also known as the service industry. It involves the provision of services to other businesses or people. Services may involve the transport, distribution and sale of goods from producer to a consumer as may happen in wholesaling and retailing, or may involve the provision of a service, such as in tourism or entertainment. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. There may not even be any goods involved, as in the sex industry. However the focus is on people interacting with people and serving the customer rather than transforming goods.

It sector includes all types of services ranging from lawyers and consultants[?] to your local hairdresser[?] (tourism is also a major branch). For the last 20 years there has been a substantial shift from the other two industry sectors to the Tertiary Sector in industrialised countries.

Public utilities are often considered part of the tertiary sector as they provide services to people, while the creating the utility's infrastructure is often considered part of the secondary sector, even thought the same business may be involved in both aspects of the operation.

See also:



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
DB

... the following: dB is the abbreviation for Decibel; see Bel DB is a French automobile maker; see DB (car) DB is the abbreviation for Deutsche Bahn, the majo ...

 
 
 
This page was created in 40.7 ms