The tertiary sector refers to the part of the economy that provides services rather than producing goods. It includes industries such as healthcare, education, tourism, and finance.
Related terms
Primary Sector: This term refers to industries involved in extracting raw materials directly from nature, such as agriculture, mining, and fishing.
Secondary Sector: This term represents industries engaged in manufacturing and construction activities that transform raw materials into finished products.
Quaternary Sector: The quaternary sector includes industries focused on knowledge-based work like research and development, information technology, and consulting services.