Question

"Tertiary activities include both production and exchange. The production involves the provision of services that are consumed. The output is indirectly measured in terms of wages and salaries. Exchange involves trade, transport and communication facilities that are used to overcome distance. Tertiary activities therefore involve the commercial output of services rather than the production of tangible goods." What values can be learnt from above passage?​

Answer 1

Tertiary activities include both production and exchange. The production involves the 'provision' of services that are 'consumed'. The output is indirectly measured in terms of wages and salaries.