The tertiary sector represents a category within an economy that is focused on providing various services rather than producing goods. It includes industries such as retail trade, entertainment, healthcare, hospitality, education, finance, and transportation.
Related terms
Quaternary Sector: This term describes the knowledge-based part of an economy involved in intellectual activities such as research and development (R&D), information technology (IT), consultancy services.
Service Economy: Also known as a post-industrial economy; it is an economic system where most of the economic value is generated through the provision of services rather than the manufacturing of goods.
Service Sector Employment: This term refers to the number of people employed in service-related industries such as healthcare, education, retail, and hospitality.