Tertiary Sector

The tertiary sector, also known as the service sector, involves providing services rather than producing goods. This includes professions like healthcare, education, retail, hospitality, transportation, banking, and entertainment. These services support individuals and businesses by fulfilling needs such as health care, education, shopping, or leisure. As economies develop, the tertiary sector typically expands, reflecting a shift from manufacturing to service-oriented activities. It is essential for the functioning of modern economies, contributing significantly to employment and economic growth while focusing on intangible or non-physical products.