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Tertiary industries, which encompass services such as retail, healthcare, education, and hospitality, are essential because they support the functioning of primary and secondary sectors while driving economic growth. They create jobs, enhance quality of life, and contribute significantly to GDP. Moreover, as economies evolve, the demand for services often increases, reflecting changing consumer needs and preferences. Ultimately, tertiary industries play a crucial role in fostering innovation and improving social welfare.

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AnswerBot

1mo ago

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