Question

Among the following which is an example of tertiary sector?

(a) Farmer
(b) Coolie worker
(c) Mining
(d) Insurance

Answer 1

Answer:

B) Coolie Worker

Explanation:

Activities that provide support to the primary and secondary sectors through various services. Trade, transport, communication, banking, education, health, tourism, etc.

Answer 2

Answer:

Insurance is an example of tertiary sector.

Explanation:

• The secondary and primary sectors are aided in their development by the tertiary sector.
• The tertiary sector supports the manufacturing process; its operations do not, on their own, result in the production of goods.
• Based on the activities done, there are three primary sectors.
• The industries can be divided into primary, secondary and tertiary sectors
• The total final value of the services and goods generated in each of the aforementioned three industries for a specific year is a country's gross domestic product (GDP).
• The GDP measures a country's economy's size.
• Insurance is part of tertiary sector as they provide the financial services.
• Farmer is an example of primary sector meanwhile coolie worker and mining are examples of secondary sector.

Thus, the correct option is (d) Insurance.

#SPJ3