Tertiary Industry


Tertiary Industry
The segment of the economy that provides services to its consumers. This includes a wide range of businesses including financial institutions, schools, transports and restaurants.

Also known as "tertiary sector of industry," or "service industry/sector".

The tertiary industry is one of three industry types in a developed economy, the other two being the primary (raw materials) and secondary (goods production) industries. As an economy becomes more developed, it will shift its focus from primary to secondary and tertiary industries.

The tertiary industry is split into two main categories. The first is made up of companies that are in the business of making money, such as those in the financial industry. The second comprises the non-profit segment, wich includes services such as state education.


Investment dictionary. . 2012.

Look at other dictionaries:

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  • tertiary industry — ˈtertiary industry 7 [tertiary industry] (also ˈservice industry) noun uncountable, countable …   Useful english dictionary

  • tertiary industry — noun An industry that provide goods or services to consumers using raw materials from primary industry and goods processed by secondary industry …   Wiktionary

  • tertiary industry — noun Economics the service industry of a country …   English new terms dictionary

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  • tertiary industry — /tɜʃəri ˈɪndəstri/ (say tershuhree induhstree) noun the part of the economy involved in providing services such as transport, communications, education, health, entertainment, finance, etc …   Australian English dictionary

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  • industry — The category describing a company s primary business activity. This category is usually determined by the largest portion of revenue. Bloomberg Financial Dictionary * * * industry in‧dus‧try [ˈɪndəstri] noun industries PLURALFORM 1. [uncountable] …   Financial and business terms


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