Tertiary Sector

Description of Tertiary Sector. Explanation.

Definition Tertiary Sector. Description.

The Tertiary Sector is one of the three main industrial categories of a developed economy, the others being the Secondary Industry (manufacturing), and the Primary Industry (extraction such as mining, agriculture and fishing).

People working in the tertiary sector use time to deploy Intangible Assets, collaboration assets, and process-engagement to create productivity (effectiveness), performance improvement potential (potential) and sustainability. The tertiary sector is the most common workplace.

Typically the output of this time is content (information), service, attention, advice, experiences, and/or discussion.

The service sector consists of the "soft" parts of the economy such as:

• Insurance

• Government

• Tourism

• Banking

• Retail

• Education

• Social services

• Consulting

• Personal services

• Business services

• Franchising

• Restaurants

• News media

• Leisure industry/hotels

• Healthcare/hospitals

• Waste disposal

• Real estate

• Public utilities.

Also known as the Service Sector or the Service Industry.

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End of description Tertiary Sector. An explanation.