A report on Tertiary sector of the economy

The product lifecycle
Surgery team at work
Transport service
Testing telephone lines in London in 1945.
Service output as a percentage of the top producer (United States) as of 2005

Third of the three economic sectors in the three-sector model .

- Tertiary sector of the economy
The product lifecycle

12 related topics with Alpha

Overall

Secondary sector of the economy

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Economic sector in the three-sector theory that describes the role of manufacturing.

Economic sector in the three-sector theory that describes the role of manufacturing.

This sector generally takes the output of the primary sector (i.e. raw materials) and creates finished goods suitable for sale to domestic businesses or consumers and for export (via distribution through the tertiary sector).

Percentages of a country's economy made up by different sectors. Countries with higher levels of socio-economic development tend to have proportionally less of their economies operating in the primary and secondary sectors and more emphasis on the tertiary sector. The less developed countries exhibit the inverse pattern.

Economic sector

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One classical breakdown of economic activity distinguishes three sectors:

One classical breakdown of economic activity distinguishes three sectors:

Percentages of a country's economy made up by different sectors. Countries with higher levels of socio-economic development tend to have proportionally less of their economies operating in the primary and secondary sectors and more emphasis on the tertiary sector. The less developed countries exhibit the inverse pattern.
Three sectors according to Fourastié
Clark's sector model

Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector.

Industrial output in 2005

Three-sector model

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Industrial output in 2005
Service output in 2005
Three sectors according to Fourastié
Clark's sector model
This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors. The less developed countries exhibit the inverse pattern.

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

Manufacturing of an automobile by Tesla

Manufacturing

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Creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation.

Creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation.

Manufacturing of an automobile by Tesla
Flint stone core for making blades, c. undefined 40000 BP
A late Bronze Age sword or dagger blade
Stocking frame at Ruddington Framework Knitters' Museum
A Roberts loom in a weaving shed in 1835
The assembly plant of the Bell Aircraft Corporation in 1944
A shopfloor of Tampella factory in Tampere, Finland in November 1952
Assembly of Section 41 of a Boeing 787 Dreamliner
Capacity utilization in manufacturing in the FRG and in the USA

Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).

Primary sector of the economy

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The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining.

The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining.

These technological advances and investment allow the primary sector to employ a smaller workforce, so developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher percentage involved in the secondary and tertiary sectors.

Affective labor

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Work carried out that is intended to produce or modify emotional experiences in people.

Work carried out that is intended to produce or modify emotional experiences in people.

Yet there are many other areas in which affective labor figures prominently, including service and care industries whose purpose is to make people feel in particular ways.

Hospitality industry

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The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism.

Post-industrial economy

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Period of growth within an industrialized economy or nation in which the relative importance of manufacturing reduces and that of services, information, and research grows.

Period of growth within an industrialized economy or nation in which the relative importance of manufacturing reduces and that of services, information, and research grows.

Such economies are often marked by a declining manufacturing sector, resulting in de-industrialization, and a large service sector as well as an increase in the amount of information technology, often leading to an "information age"; information, knowledge, and creativity are the new raw materials of such an economy.

United Kingdom

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Sovereign country in Europe, off the north-western coast of the continental mainland.

Sovereign country in Europe, off the north-western coast of the continental mainland.

Stonehenge in Wiltshire is a ring of stones, each about 13 ft high, 7 ft wide and 25 tonnes, erected 2400–2200 BC.
The Bayeux Tapestry depicts the Battle of Hastings, 1066, and the events leading to it.
The Treaty of Union led to a united kingdom of all of Great Britain.
At the Battle of Waterloo in 1815, a British-led coalition under the Duke of Wellington, supported by von Blücher's Prussian army, defeated the French, ending the Napoleonic Wars.
Infantry of the Royal Irish Rifles during the Battle of the Somme. More than 885,000 British soldiers died on the battlefields of the First World War.
Territories once part of the British Empire, with the United Kingdom and its current Overseas Dependencies and Crown Dependencies underlined in red
Leaders of EU states in 2007. The UK entered the EEC in 1973. In a 1975 referendum 67% voted to stay in it; in 2016 52% voted to leave the EU.
The United Kingdom showing hilly regions to north and west
Köppen climate types of the UK
The Palace of Westminster, seat of both houses of the Parliament of the United Kingdom
Organisational chart of the UK political system
The Scottish Parliament Building in Holyrood is the seat of the Scottish Parliament.
The British-Irish Council comprises the UK Government, the Irish Government and the governments of Scotland, Wales and Northern Ireland.
The Royal Courts of Justice of England and Wales
The High Court of Justiciary, the supreme criminal court of Scotland
and, a pair of Queen Elizabeth-class aircraft carriers of the Royal Navy
British soldier firing during an exercise.
The Bank of England, the central bank of the United Kingdom and the model on which most modern central banks have been based
The Mini Electric is manufactured in the UK.
Engines and wings for the Airbus A380 are manufactured in the UK.
A Watt steam engine, which was fundamental in driving the Industrial Revolution
London St Pancras International is one of London's main domestic and international transport hubs, providing commuter and high-speed rail services across the UK and to Paris, Lille and Brussels.
Energy mix of the United Kingdom over time
Wind turbines overlooking Ardrossan, Scotland. The UK is one of the best sites in Europe for wind energy, and wind power production is its fastest-growing supply.
Map of population density in the UK as at the 2011 census
Percentage of the population not white according to the 2011 census
Westminster Abbey
Estimated foreign-born population by country of birth from April 2007 to March 2008
Estimated number of British citizens living overseas by country in 2006
Christ Church, Oxford, is part of the University of Oxford, which traces its foundations back to c. 1096.
King's College (right) and Clare College (left), both part of the University of Cambridge, which was founded in 1209
The Royal Aberdeen Children's Hospital, an NHS Scotland specialist children's hospital
The Chandos portrait, believed to depict William Shakespeare
A photograph of Victorian-era novelist Charles Dickens
Elgar aged about 60
The Beatles are the most commercially successful and critically acclaimed band in popular music, selling over a billion records.
J. M. W. Turner self-portrait, oil on canvas, c. 1799
Alfred Hitchcock has been ranked as one of the greatest and most influential British filmmakers of all time.
The Art Deco facade of Broadcasting House in London, headquarters of the BBC, the oldest and largest broadcaster in the world
Wembley Stadium, London, home of the England national football team, is the fifth most expensive stadium ever built.
The Millennium Stadium of Cardiff opened for the 1999 Rugby World Cup.
Wimbledon, the oldest Grand Slam tennis tournament, is held in Wimbledon, London every June and July.
St Andrews, Scotland, the home of golf. The standard 18 hole golf course was created at St Andrews in 1764.
The Statue of Britannia in Plymouth. Britannia is a national personification of the UK.
Test launch of a Trident II nuclear missile by a Vanguard-class submarine

The UK service sector makes up around 79 per cent of GDP.

Professional services

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Professional services are occupations in the service sector requiring special training in the arts or sciences.