what do you understand by a tertiary industry
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The tertiary industry is a technical name for the service sector of the economy, which encompasses a wide range of businesses, including financial institutions (FIs), schools, hotels, and restaurants. As an economy becomes more developed, it tends to shift its focus from primary to secondary and tertiary industries.
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The service sector is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector. The service sector consists of the production of services instead of end products. Services include attention, advice, access, experience, and affective labor
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