Why is the insurance as known as tartairy industry
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Answer:tertiary industries are also known as service providers . Insurance provide service to others living in the society like to those busi ess risks which are pure and in them we ca only have loss or no loss eg . Earthquake , if earth quake will occur then the business man will have loss or no loss there is no possibility of having profit . It provides the money which is approved after seeing the damage of goods and hence it is a part of tertiary industry .
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