Question 15 of 31
Q.What do you mean by tertiary Industries? Mention its types.
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2022Subjective· 3mImportance★★★★★
48% · 15/31 Questions
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Start your 14-day free trial to unlock the full solution →Tertiary industries do not make goods; they render the services (transport, banking, insurance, warehousing, communication) that help primary and secondary industries function and reach consumers.
Meaning: Industries are classified into primary, secondary and tertiary. Tertiary (service) industries are concerned with providing essential services that facilitate the working of the primary (extractive) and secondary (manufacturing) industries and aid in the smooth flow of goods from producers to consumers. They are also called service industries.
Types of tertiary industries include:
- Transport and communication — carry goods and information from place to place.
- Banking and finance — supply the capital needed for business. …
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