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Tertiary activities are an important economic sector in the United States because they account for around 75% of the labor force. Most Americans make their living through the provision of services and the distribution of goods. The location of tertiary activities is generally more flexible than that of manufacturing or primary activities, which frequently have to be located near their raw materials. Tertiary activities have grown most rapidly in the sun Belt. However, to say that tertiary activities are the most important sector of the economy is somewhat misleading. Tertiary activities cannot exist by themselves. Before raw materials and goods can be distributed, they mu8st be extracted, processed, and produced. The service industries are dependent on both the primary and secondary industries, as well as their workers. Thus, manufacturing and primary activities are very important to the economy as well.
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What economic sector does teaching belong to and why?
tertiary sector
Which type of economic activity has grown more important in modern economies in recent years?
Tertiary economic activity has grown more important in recent years. Tertiary economic activity is the economic activity of the service sector.
Flow chart of 3 economic sectors?
Primary sector secondary sector tertiary sector
What is tertiary sector of the US economy?
The tertiary economic sector focuses on the distribution and servicing of finished products (from the secondary sector). Occupations include merchants, salesmen, and grocers.
What is a tertiary industrial sector?
The tertiary sector of the economy,also known as the service sector or the service industry.can be defined as 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.
What economic sector does teaching belong to and why?
tertiary sector
Which type of economic activity has grown more important in modern economies in recent years?
Tertiary economic activity has grown more important in recent years. Tertiary economic activity is the economic activity of the service sector.
Flow chart of 3 economic sectors?
Primary sector secondary sector tertiary sector
What is tertiary sector of the US economy?
The tertiary economic sector focuses on the distribution and servicing of finished products (from the secondary sector). Occupations include merchants, salesmen, and grocers.
How important is primary secondary and tertiary industries in Pakistan?
Primary, secondary, and tertiary industries are crucial to Pakistan's economy, each contributing significantly to GDP and employment. The primary sector, including agriculture, remains vital, as it employs a large portion of the population and ensures food security. The secondary sector, encompassing manufacturing, is essential for industrialization and economic diversification. Meanwhile, the tertiary sector, which includes services like retail and finance, is rapidly growing and increasingly important for economic development and modernization.
What is a tertiary industrial sector?
The tertiary sector of the economy,also known as the service sector or the service industry.can be defined as 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.
What makes the NHS a tertiary sector?
Is the nhs in the tertiary sector
Is eskom a secondary or tertiary sector?
is eskome in tertiary sector
What is the teritarty sector?
The tertiary sector, also known as the service sector, encompasses industries that provide services rather than goods. This includes a wide range of activities such as retail, healthcare, education, finance, hospitality, and entertainment. It plays a crucial role in the economy by generating employment and contributing to GDP, often becoming the dominant sector in developed countries. The tertiary sector is essential for facilitating the functioning of primary and secondary sectors and enhancing overall economic productivity.
Why oxfam is in tertiary sector?
it is in the tertiary sector, which is also known as the service sector, as it is offering a service to everyone!
What are primary secondary and tertiary activities?
Primary sector produces or extracts raw materials from the land or sea. groups in this sector are Agriculture and Farming, forestry and logging, fishing and mining and quarrying. Secondary sector manufactures, processes or constructs goods. Tertiary sector provides services to the customer.
What are the various activities undertaken in the primary sector secondary sector and tertiary sector?
The primary sector relates to the extraction and production of natural resources - like farming and mining. The secondary sector relates to the processing of the resources, which includes manufacturing. The tertiary sector relates to the support of the primary and secondary sectors. This includes transportation, banking, insurance, etc.
