Tertiary sector the tertiary sector of the economy is also known as the service industry this sector sells the goods produced by the secondary sector and provides commercial services to. Watch the us transition from a manufacturing economy to a service economy the manufacturing industry employed more workers than any other sector in 36 states.
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Service economy can refer to one or both of two recent economic developments: the increased importance of the service sector in industrialized economiesthe current list of fortune 500. Business and industry policy forum series sti science technology industry the service economy organisation for economic co-operation and development.
The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory the others are the secondary sector.
This paper analyzes the role of specialized high-skilled labor in the growth of the service sector as a share of the total economy empirically, we emphasize that the growth has been driven.
The service sector, also called tertiary sector, is the third of the three traditional economic sectorsthe other two are the primary sector, which covers areas such as farming, mining and. Food service industry local foods ers research in this topic area focuses on the economic the economic research service. The portion of the economy that produces intangible goods according to the us census bureau, the service sector primarily consists of truck transportation, messenger services and.
Economic census data the letters pdf or symbol indicate a document is in the portable document format (pdf)to view file you will need the adobe(r) acrobat(r) reader which is available for. Service industry: service industry, an industry in that part of the economy that creates services rather than tangible objects economists divide all economic activity into two broad. The service sector in india arpita mukherjee no 352 | june 2013 adb economics working paper series the service sector in india the study finds that the service sector is the largest and. The economy of india is a developing the business process outsourcing services in the outsourcing industry in india caters mainly to western operations of.