Q.Write a short note on: Tertiary sector

The tertiary sector, or services sector, is the branch of the economy that produces intangible services rather than extracting natural resources (the primary sector) or manufacturing physical goods (the secondary sector). Its output — a bus journey, a bank transaction, a lesson taught, an insurance policy issued — is typically produced and consumed at the same time, cannot be stored, and very often exists to support or complete the activity of the other two sectors. As TS Inter II year Economics students study the broader theme of structural change, the tertiary sector is best understood as …