View source for Tertiary Industry

The '''tertiary industry''' (or '''tertiary sector'''), also known as the '''service sector''', is the sector of an economy that provides services rather than producing goods. It includes activities such as retail and wholesale trade, transport and logistics, finance and insurance, information and communication, professional services, education, health, and public administration.<ref name="wiki">Wikipedia contributors, "Tertiary sector of the economy".</ref>

== Definition ==

The tertiary sector encompasses all economic activities that provide services to consumers, businesses, and government. It is the sector that has grown most rapidly in advanced economies, where it now accounts for the largest share of both output and employment.<ref name="wiki"/>

== Composition ==

{| class="wikitable"
! Category
! Examples
|-
| Distribution
| Retail, wholesale, transport, logistics.
|-
| Producer services
| Banking, insurance, law, consulting, IT.
|-
| Consumer services
| Tourism, hospitality, personal services.
|-
| Social services
| Education, health, public administration.
|}
== Economic role ==

The growth of the tertiary sector reflects rising incomes—since demand for services tends to rise more than proportionally with income—and higher productivity growth in manufacturing, which releases labour for services. Services are a major source of employment in advanced economies and increasingly in developing ones as well. [[Digital Economy|Digital technologies]] have expanded the range and tradability of services.<ref name="wiki"/>

== See also ==

* [[Primary Industry]]
* [[Secondary Industry]]
* [[Industrial Structure]]
* [[Digital Economy]]

== References ==

<references />

[[Category:Economics]]
[[Category:Economic sectors]]
[[Category:Services]]