Knowledge

Tertiary sector of the economy

Source šŸ“

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are used to classify businesses that participate in the service sector. Unlike governmental classification systems, the first level of market-based classification systems divides the economy into functionally related markets or industries. The second or third level of these hierarchies then reflects
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Since the quality of most services depends largely on the quality of the individuals providing the services, "people costs" are usually a high fraction of service costs. Whereas a manufacturer may use technology, simplification, and other techniques to lower the cost of goods sold, the service
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In the United States, 70 per cent of the workforce works in the service sector; in Japan, 60 per cent, and in Taiwan, 50 per cent. These are not necessarily busboys and live-in maids. Numerous of them are in the skilled category. They are earning as much as manufacturing employees, and often
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and competition than services. However, with dramatic cost reduction and speed and reliability improvements in the transportation of people and the communication of information, the service sector now includes some of the most intensive international competition, despite residual
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It is sometimes hard to determine whether a given company is part of the secondary or the tertiary sector. It is not only companies that have been classified as part of a sector in some schemes, since governments and their services (such as the police or military), as well as
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Service providers face obstacles selling services that goods-sellers rarely face. Services are intangible, making it difficult for potential customers to understand what they will receive and what value it will hold for them. Indeed, some, such as
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over another, since they are often seen to provide identical services. Charging a premium for services is usually an option only for the most established firms, who charge extra based upon
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For the last 100 years, there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialized countries. This shift is called
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Economies tend to follow a developmental progression that takes them from heavy reliance on agriculture and mining, toward the development of
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industry. However, the focus is on people by interacting with them and serving the customers rather than transforming the physical goods. The
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The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the
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has been long regarded as a service, but some economists now attribute it to a fourth sector, called the
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Definition by the European Foundation for the Improvement of Living and Working Conditions
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To classify a business as a service, one can use classification systems such as the
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Service output as a percentage of the top producer (United States) as of 2005
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For the part of the economy sometimes referred to as the "third sector", see
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Statistical Classification of Economic Activities in the European Community
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The Borderless World: Power and Strategy in the Interlinked Economy.
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and sale of goods from a producer to a consumer, as may happen in
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provider often faces an unrelenting pattern of increasing costs.
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services, offer no guarantees of the value for the price paid.
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is often difficult. For example, how does one choose one
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Historically, manufacturing tended to be more open to
242:") include attention, advice, access, experience and 490: 230:The tertiary sector consists of the provision of 4316: 616:Fragmented: the Demise of Unionized Construction 553:R.P. Mohanty & R.R. Lakhe (1 January 2001). 307:International Standard Industrial Classification 412: 319:North American Industrial Classification System 317:(SIC) code system and its new replacement, the 670: 165: 474:List of countries by GDP sector composition 288: 677: 663: 559:. Jaico Publishing House. pp. 32ā€“33. 340:-based classification systems such as the 172: 158: 580: 546: 477: 424: 416: 352: 349:whether goods or services are produced. 183: 613: 342:Global Industry Classification Standard 4317: 3698: 397:") economies has increased over time. 3912: 3697: 2967: 1431: 1430: 697: 658: 4284: 684: 468:List of countries by tertiary output 13: 2968: 698: 315:Standard Industrial Classification 14: 4346: 636: 346:Industry Classification Benchmark 4295: 4283: 4272: 4271: 642: 529:Quaternary sector of the economy 493: 4296: 1831:Outdoors & sports equipment 4330:Services sector of the economy 649:Tertiary sector of the economy 607: 598: 197:tertiary sector of the economy 1: 1835:Personal protective equipment 539: 385:(e.g. automobiles, textiles, 413:Issues for service providers 238:. Services (also known as " 203:, is the third of the three 7: 3913: 486: 429:Testing telephone lines in 10: 4351: 471: 25: 18: 4266: 4114: 3997: 3923: 3919: 3908: 3867: 3817: 3710: 3706: 3693: 3560: 3500: 3457: 3327: 3218: 3158: 3062: 2980: 2976: 2963: 2828: 2719: 2625: 2282: 2050: 1850: 1450: 1443: 1439: 1426: 1233: 1054: 940: 717: 710: 706: 693: 556:TQM in the Service Sector 279:production of information 199:, generally known as the 4144:Mergers and acquisitions 3885:Research and development 2250:Chemical & hormonal 1905:Communications equipment 618:. Lulu.com. p. 64. 289:Difficulty of definition 2935:Painting and decorating 1959:Medical imaging systems 1892:Parts & peripherals 614:De Soto, Glenn (2006). 519:Post-industrial society 454:Product differentiation 296:nonprofit organizations 4248:State-owned enterprise 4228:Nonprofit organization 4139:Horizontal integration 1952:Scientific instruments 1915:Network infrastructure 592:July 20, 2014, at the 483: 434: 422: 379: 192: 84:(information services) 3591:Private investigation 524:Outline of consulting 481: 428: 420: 374: 353:Theory of progression 187: 4159:Vertical integration 2165:Speciality chemicals 2005:Electrical equipment 1922:Consumer electronics 651:at Wikimedia Commons 123:Sectors by ownership 21:The Service Industry 4243:Sole proprietorship 4218:Joint-stock company 3492:Veterinary medicine 3317:Property management 3111:Passenger transport 2138:Commodity chemicals 1964:Optical instruments 1932:Video game consoles 1825:Musical instruments 1666:Media reproduction 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providers of 421:Transport service 283:quaternary sector 190:product lifecycle 182: 181: 82:Quaternary sector 4342: 4325:Economic sectors 4299: 4298: 4287: 4286: 4275: 4274: 4171:Enforced breakup 4166:Decentralization 4094:Physical capital 3921: 3920: 3910: 3909: 3708: 3707: 3695: 3694: 3571:Customer service 3487:Residential care 3435:Public relations 3243:Financial advice 3220:Asset management 3015:Department store 2978: 2977: 2965: 2964: 2945:Site preparation 2793:Telecom networks 2761:Waste management 2737:Gas distribution 2421:Synthetic fibers 2148:Industrial gases 1887:Computer systems 1821:Medical supplies 1448: 1447: 1441: 1440: 1428: 1427: 858:Animal husbandry 829:Medicinal plants 715: 714: 708: 707: 695: 694: 679: 672: 665: 656: 655: 646: 630: 629: 611: 605: 602: 596: 584: 578: 577: 575: 573: 550: 534:Voluntary sector 503: 501:Economics portal 498: 497: 328:For purposes of 244:affective labour 240:intangible goods 221:secondary sector 205:economic sectors 174: 167: 160: 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3266: 3264: 3261: 3259: 3258:Payment cards 3256: 3254: 3251: 3249: 3246: 3244: 3241: 3239: 3236: 3234: 3231: 3230: 3229: 3226: 3225: 3223: 3221: 3217: 3211: 3208: 3204: 3201: 3199: 3196: 3194: 3193:Food delivery 3191: 3189: 3186: 3184: 3181: 3179: 3176: 3174: 3173:Drink service 3171: 3170: 3169: 3166: 3165: 3163: 3161: 3157: 3149: 3146: 3145: 3144: 3141: 3137: 3134: 3132: 3129: 3127: 3124: 3122: 3119: 3117: 3114: 3113: 3112: 3109: 3105: 3102: 3100: 3097: 3095: 3092: 3090: 3087: 3085: 3082: 3080: 3077: 3076: 3075: 3072: 3071: 3069: 3067:& Storage 3065: 3061: 3053: 3050: 3048: 3045: 3043: 3040: 3039: 3038: 3035: 3031: 3028: 3026: 3023: 3021: 3018: 3016: 3013: 3011: 3010:Grocery store 3008: 3006: 3005:General store 3003: 3001: 2998: 2996: 2993: 2992: 2991: 2988: 2987: 2985: 2983: 2979: 2975: 2971: 2966: 2962: 2946: 2943: 2941: 2938: 2936: 2933: 2931: 2928: 2926: 2923: 2921: 2918: 2916: 2913: 2911: 2908: 2907: 2905: 2901: 2898: 2896: 2893: 2891: 2888: 2886: 2883: 2881: 2878: 2876: 2873: 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2087: 2084: 2082: 2079: 2077: 2074: 2072: 2069: 2067: 2064: 2063: 2062: 2058: 2057: 2055: 2053: 2049: 2041: 2038: 2036: 2033: 2031: 2028: 2026: 2023: 2020: 2016: 2013: 2011: 2008: 2007: 2006: 2003: 1999: 1996: 1994: 1991: 1989: 1988:Lens grinding 1986: 1984: 1981: 1979: 1975: 1972: 1970: 1967: 1966: 1965: 1962: 1960: 1957: 1953: 1950: 1948: 1945: 1942: 1941: 1940: 1937: 1933: 1930: 1928: 1925: 1924: 1923: 1920: 1916: 1913: 1911: 1910:Mobile phones 1908: 1907: 1906: 1903: 1899: 1898:storage media 1895: 1893: 1890: 1888: 1885: 1884: 1883: 1880: 1876: 1873: 1871: 1868: 1866: 1863: 1862: 1861: 1858: 1857: 1855: 1853:& optical 1849: 1841: 1838: 1836: 1833: 1830: 1827: 1824: 1822: 1819: 1816: 1814: 1811: 1808: 1807: 1805: 1802: 1798: 1795: 1793: 1790: 1788: 1785: 1783: 1780: 1778: 1775: 1773: 1770: 1768: 1765: 1763: 1760: 1758: 1755: 1753: 1750: 1749: 1747: 1743: 1740: 1738: 1735: 1733: 1730: 1728: 1724: 1722: 1719: 1717: 1714: 1712: 1709: 1707: 1704: 1702: 1698: 1695: 1693: 1690: 1689: 1688: 1685: 1681: 1680:Optical discs 1678: 1676: 1673: 1671: 1668: 1667: 1665: 1661: 1658: 1656: 1653: 1651: 1648: 1646: 1643: 1641: 1638: 1637: 1636: 1633: 1629: 1626: 1624: 1621: 1619: 1616: 1614: 1611: 1609: 1606: 1604: 1601: 1599: 1596: 1595: 1594: 1591: 1587: 1584: 1582: 1579: 1577: 1574: 1572: 1569: 1567: 1564: 1562: 1559: 1557: 1554: 1552: 1549: 1547: 1544: 1543: 1542: 1539: 1535: 1532: 1529: 1526: 1524: 1523:Bottled water 1521: 1519: 1516: 1515: 1514: 1511: 1507: 1504: 1502: 1499: 1497: 1494: 1492: 1489: 1487: 1484: 1481: 1478: 1476: 1473: 1471: 1468: 1466: 1463: 1462: 1461: 1458: 1457: 1455: 1453: 1449: 1446: 1444:Manufacturing 1442: 1438: 1434: 1429: 1425: 1409: 1406: 1404: 1401: 1399: 1396: 1394: 1391: 1389: 1386: 1384: 1381: 1379: 1376: 1374: 1371: 1369: 1366: 1365: 1364: 1361: 1357: 1354: 1352: 1349: 1347: 1344: 1342: 1339: 1337: 1334: 1333: 1331: 1327: 1324: 1322: 1319: 1317: 1314: 1312: 1309: 1307: 1304: 1302: 1299: 1297: 1294: 1292: 1289: 1287: 1284: 1282: 1279: 1278: 1276: 1272: 1269: 1267: 1264: 1262: 1259: 1257: 1254: 1252: 1249: 1247: 1244: 1243: 1242: 1239: 1238: 1236: 1232: 1220: 1217: 1215: 1212: 1210: 1207: 1205: 1204:Sea cucumbers 1202: 1200: 1197: 1196: 1194: 1190: 1187: 1185: 1182: 1180: 1177: 1175: 1172: 1170: 1167: 1165: 1162: 1160: 1157: 1155: 1152: 1150: 1147: 1146: 1145: 1142: 1138: 1135: 1133: 1130: 1128: 1125: 1123: 1120: 1118: 1115: 1113: 1110: 1108: 1105: 1103: 1100: 1098: 1095: 1093: 1090: 1088: 1085: 1083: 1080: 1078: 1075: 1073: 1070: 1068: 1065: 1064: 1063: 1060: 1059: 1057: 1053: 1045: 1042: 1040: 1037: 1036: 1035: 1032: 1028: 1025: 1023: 1019: 1015: 1012: 1010: 1007: 1005: 1002: 1000: 997: 995: 992: 990: 987: 985: 982: 981: 980: 977: 975: 972: 968: 965: 964: 963: 960: 956: 953: 952: 951: 948: 947: 945: 943: 939: 931: 928: 927: 926: 923: 919: 916: 914: 911: 909: 906: 904: 901: 899: 896: 894: 891: 889: 886: 884: 881: 879: 876: 874: 871: 869: 868:Dairy farming 866: 864: 861: 860: 859: 856: 852: 849: 847: 844: 843: 842: 839: 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202: 198: 191: 186: 175: 170: 168: 163: 161: 156: 155: 153: 152: 147: 144: 142: 141:Public sector 139: 137: 134: 132: 129: 128: 127: 126: 122: 121: 116: 113: 111: 108: 106: 103: 102: 101: 100: 96: 95: 89: 86: 83: 80: 79: 78: 77: 73: 72: 66: 63: 60: 57: 54: 51: 50: 49: 48: 45: 42: 41: 38: 35: 34: 29: 22: 4301: 4289: 4277: 4196:Spinning-off 4181:Homesteading 4134:Conglomerate 4116:Organization 4069:Raw material 4064:Intermediate 3943: 3942: 3765:Broadcasting 3670:Cruise lines 3640:Maid service 3630:Dry cleaning 3601:Maintenance 3364:Architecture 3329:Professional 3148:Self storage 3052:Distribution 2969: 2830:Construction 2675:Other heavy 2600:Formed metal 2554:Mineral wool 2476:Safety glass 2447:Fused quartz 2442:Borosilicate 2106:Paraffin wax 2061:oil refining 2040:Transformers 1806:Other goods 1792:Stonemasonry 1772:Glassblowing 1757:Blow molding 1716:Locksmithing 1692:Boilermaking 1241:Fossil fuels 1039:Fungiculture 994:Gutta-percha 984:Frankincense 979:Tree tapping 950:Silviculture 930:Fur trapping 841:Horticulture 789:Stone fruits 615: 609: 600: 582: 570:. Retrieved 555: 548: 452: 448: 436: 399: 387:shipbuilding 380: 375: 372:noted that: 358: 356: 327: 300: 292: 267:pest control 255:distribution 248: 236:end products 229: 200: 196: 194: 64: 4233:Partnership 4213:Cooperative 4186:Outsourcing 4176:Freelancing 4054:Commodities 3758:Video games 3733:Periodicals 3610:Landscaping 3545:Fairgrounds 3447:Advertising 3368:engineering 3352:Bookkeeping 3307:Real estate 3300:Reinsurance 3198:Restaurants 3168:Foodservice 3160:Hospitality 3143:Warehousing 3131:Ridesharing 3121:Car rentals 2853:Residential 2788:Remediation 2671:Automobiles 2493:Earthenware 2462:Glass fiber 2457:Float glass 2267:Supplements 2241:Antibiotics 2143:Fertilizers 2101:Mineral oil 2076:Diesel fuel 2059:Coal & 2019:fiber optic 1993:Microscopes 1947:GPS devices 1927:Televisions 1860:Electronics 1851:Electrical 1797:Woodworking 1752:3D printing 1711:Gunsmithing 1675:Phonographs 1660:Typesetting 1640:Bookbinding 1603:Dressmaking 1598:Accessories 1530:Soft drinks 1465:Animal feed 1256:Natural gas 1144:Aquaculture 1127:Sea urchins 999:Maple syrup 873:Fur farming 863:Beef cattle 799:Viticulture 747:Fiber crops 719:Agriculture 440:consultants 259:wholesaling 234:instead of 110:Colin Clark 4319:Categories 4106:Technology 4076:Innovation 4037:Well-being 3847:University 3780:Television 3717:Mass media 3712:Publishing 3550:Nightclubs 3459:Healthcare 3430:Consulting 3425:Management 3373:Inspection 3357:Tax advice 3337:Accounting 3268:Securities 3084:Intermodal 3020:Mail order 2915:Demolition 2848:Industrial 2843:Commercial 2766:Collection 2617:Cast metal 2503:Refractory 2471:fiberglass 2467:Glass wool 2430:thermosets 2406:Engineered 2335:Engineered 2330:Sawmilling 2224:Toiletries 2195:Explosives 2015:Electrical 1998:Telescopes 1865:Components 1623:Shoemaking 1341:Phosphorus 1234:Geological 1184:Microalgae 1027:Pine resin 1014:Palm sugar 989:Gum arabic 903:Beekeeping 742:Vegetables 687:industries 540:References 514:Indigo Era 444:investment 275:restaurant 219:) and the 105:AGB Fisher 67:(services) 4208:Ownership 4154:Monopsony 4032:Pollution 4017:Community 3927:standards 3832:Secondary 3819:Education 3802:Streaming 3475:Hospitals 3466:Medicine 3442:Marketing 3378:Surveying 3342:Assurance 3312:Brokerage 3275:Insurance 3203:Teahouses 3188:Fast food 3079:Air cargo 3064:Transport 3047:Brokerage 3037:Wholesale 2925:Elevators 2910:Cabinetry 2838:Buildings 2818:Telephone 2813:Satellite 2781:Recycling 2776:Hazardous 2742:Renewable 2721:Utilities 2682:Aerospace 2650:Hydraulic 2640:Conveyors 2635:Machinery 2540:Abrasives 2498:Porcelain 2452:Soda-lime 2411:Specialty 2401:Commodity 2362:Cardboard 2345:Composite 2283:Materials 2200:Fireworks 2190:Cosmetics 2170:Adhesives 2052:Chemicals 2010:Batteries 1882:Computers 1817:Jewellery 1803:Furniture 1787:Sintering 1767:Extrusion 1721:Machining 1697:Builders' 1650:Engraving 1645:Embossing 1628:Tailoring 1613:Hatmaking 1513:Beverages 1496:Preserved 1393:Limestone 1363:Quarrying 1336:Gemstones 1306:Palladium 1271:Tar sands 1266:Petroleum 1261:Oil shale 1107:Swordfish 1067:Anchovies 908:Cochineal 367:globalist 263:retailing 251:transport 97:Theorists 4278:Category 4149:Monopoly 4101:Services 3880:Language 3875:Creative 3859:Tutoring 3837:Tertiary 3807:Websites 3787:Internet 3738:Software 3724:Written 3645:Pet care 3605:Janitors 3595:security 3586:Staffing 3515:Gambling 3408:Interior 3389:, & 3383:Physical 3295:Property 3183:Catering 3116:Airlines 3104:Trucking 2940:Plumbing 2895:Dredging 2870:Railways 2803:Internet 2798:Cable TV 2732:Electric 2677:vehicles 2576:Aluminum 2483:Ceramics 2396:Plastics 2309:Currying 2299:deliming 2272:Vaccines 2214:Perfumes 2153:Pigments 2096:Kerosene 2091:Jet fuel 2086:Gasoline 2081:Fuel oil 1813:Bicycles 1727:smithing 1635:Printing 1593:Clothing 1561:Spinning 1541:Textiles 1491:Prepared 1311:Platinum 1281:Aluminum 1209:Scallops 1122:Lobsters 1097:Mackerel 1077:Sardines 1044:Truffles 1020:, & 967:Firewood 942:Forestry 752:Oilseeds 590:Archived 487:See also 344:and the 232:services 4302:Outline 4290:Commons 4044:Funding 4027:Culture 4004:outputs 3914:Related 3854:Testing 3827:Primary 3792:Hosting 3675:Tourism 3661:Travel 3657:Poverty 3635:Funeral 3617:Repairs 3581:Renting 3576:Leasing 3535:Arcades 3531:Venues 3507:leisure 3480:Nursing 3413:Product 3403:Fashion 3387:product 3233:Banking 3042:Auction 2900:Harbors 2880:Tunnels 2865:Bridges 2771:Dumping 2707:Weapons 2525:Plaster 2416:Pellets 2304:Tanning 2290:Leather 2121:Propane 2066:Bitumen 1969:Cameras 1809:Baggage 1782:Pottery 1762:Drawing 1706:Cutlery 1571:Carpets 1566:Weaving 1546:Carding 1475:Canning 1403:Granite 1326:Uranium 1316:Lithium 1189:Seaweed 1174:Oysters 1169:Mussels 1164:Abalone 1159:Tilapia 1154:Catfish 1137:Whaling 1092:Pollock 1087:Haddock 1072:Herring 1062:Fishing 1055:Aquatic 962:Logging 925:Hunting 913:Shellac 898:Poultry 846:Flowers 779:Berries 762:Tobacco 737:Legumes 732:Cereals 433:in 1945 330:finance 207:in the 4129:Cartel 4002:& 3999:Inputs 3938:ANZSIC 3715:& 3625:Beauty 3593:& 3520:Online 3505:& 3398:Design 3366:& 3280:Health 3238:Credit 3210:Hotels 2990:Retail 2885:Canals 2808:Mobile 2754:Sewage 2728:Power 2698:& 2684:& 2662:& 2610:Forged 2605:Rolled 2588:Alloys 2581:Copper 2547:& 2520:Mortar 2515:Cement 2469:& 2428:& 2379:Rubber 2372:Tissue 2357:Sizing 2340:Lumber 2325:Drying 2313:oiling 2311:& 2297:& 2295:Liming 2207:& 2205:Paints 2021:cables 2017:& 1976:& 1896:Blank 1725:Other 1699:& 1655:Secure 1618:Sewing 1581:Linens 1556:Prints 1551:Dyeing 1527:Liquor 1501:Sweets 1470:Baking 1408:Marble 1388:Gypsum 1368:Gravel 1356:Sulfur 1346:Potash 1301:Silver 1286:Copper 1219:Shrimp 1214:Salmon 1179:Pearls 1004:Mastic 974:Rattan 955:Bamboo 878:Horses 834:Spices 824:Olives 809:Coffee 784:Citrus 711:Biotic 685:Major 622:  563:  431:London 338:market 4084:Labor 4059:Final 4049:Goods 4022:Crime 3967:UKSIC 3957:NAICS 3868:Other 3775:Radio 3753:Music 3728:Books 3561:Other 3527:Sport 3347:Audit 3178:CafĆ©s 3136:Taxis 3074:Cargo 2982:Sales 2875:Roads 2749:Water 2696:Ships 2686:space 2660:Power 2645:Heavy 2593:Steel 2488:Brick 2437:Glass 2384:Tires 2352:Paper 1482:Flour 1378:Chalk 1199:Clams 1195:Both 1132:Squid 1117:Crabs 1102:Shark 1018:syrup 851:Seeds 804:Cocoa 757:Sugar 572:1 May 377:more. 3987:TRBC 3977:GICS 3952:NACE 3945:ISIC 3770:News 3748:Film 3285:Life 3099:Rail 3089:Mail 2930:HVAC 2890:Dams 2571:Iron 2508:Tile 2367:Pulp 2320:Wood 2219:Soap 2209:inks 2071:Coke 1840:Toys 1608:Furs 1586:Rope 1576:Lace 1534:Wine 1518:Beer 1486:Meat 1460:Food 1383:Clay 1373:Sand 1351:Salt 1296:Gold 1291:Iron 1251:Peat 1246:Coal 1149:Carp 1112:Tuna 1022:wine 918:Silk 893:Wool 819:Nuts 620:ISBN 574:2013 561:ISBN 332:and 261:and 195:The 188:The 3982:ICB 3962:SIC 3650:Sex 2131:Tar 1974:Gun 1082:Cod 888:Pig 814:Tea 269:or 246:. 227:). 4321:: 3385:, 1016:, 464:. 409:. 336:, 313:' 305:' 285:. 265:, 253:, 678:e 671:t 664:v 628:. 576:. 223:( 215:( 173:e 166:t 159:v 30:. 23:.

Index

The Service Industry
Voluntary sector
Economic sectors
Three-sector model
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
Quinary sector
AGB Fisher
Colin Clark
Jean FourastiƩ
Business sector
Private sector
Public sector
Voluntary sector
v
t
e

product lifecycle
economic sectors
three-sector model
primary sector
raw materials
secondary sector
manufacturing
services
end products
intangible goods

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