Tertiary activities are ones such as banking and financial services.
Tertiary insurance is the 3rd insurance policy responsible for payment. Example... Medicare, primary payor Blue Cross Blue Shield, secondary payor Aetna, tertiary payor
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The tertiary ratio is a financial metric used to assess the relationship between different levels of financial performance or operational efficiency within an organization. It often compares tertiary costs, such as overhead or indirect expenses, to primary income or revenue streams. This ratio helps businesses evaluate their cost structure and identify areas for improvement in managing expenses relative to income generation. A lower tertiary ratio typically indicates better efficiency in controlling costs.
Basically we calculate the national income on the basis of Indian economy that has been divided into 13 sub sectors under primary, secondary and tertiary sector.
Primary ratio = Net income/Total assets
The four sectors of the economy—primary, secondary, tertiary, and quaternary—each have distinct sources of income. The primary sector generates income through the extraction of natural resources, such as agriculture, mining, and fishing. The secondary sector earns income by manufacturing and processing goods, transforming raw materials into finished products. The tertiary sector, which includes services like retail, healthcare, and education, generates income through service provision, while the quaternary sector focuses on knowledge-based activities, earning income through information services, research, and technology.
Tertiary - Third So the tertiary comes third.
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there are 6 tertiary colors