tertiary industry

Frequency: 7.010.5 per million words

The sector of an economy that provides services rather than producing goods.

tertiaryADJECTIVE + NOUN

Categories:

industry

Examples (10)

  • The tertiary industry focuses on providing services rather than manufacturing goods.
  • In many developed economies, the tertiary industry accounts for the largest share of GDP.
  • Healthcare, education, and finance are prime examples of the tertiary industry.
  • Governments often implement policies to stimulate growth in the tertiary industry.
  • The expansion of the tertiary industry has led to significant changes in the labor market.
  • Globalization has further integrated various components of the tertiary industry across borders.
  • Compared to primary and secondary sectors, the tertiary industry is less dependent on natural resources.
  • Digital transformation is rapidly reshaping the landscape of the tertiary industry.
  • A robust tertiary industry is often seen as a hallmark of a modern, post-industrial society.
  • Training programs are essential to equip the workforce for the demands of the evolving tertiary industry.