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Question
Explain the tertiary sector in brief.
Explain
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Solution
The tertiary sector involves the production of various services to meet human needs. These services are broadly divided into two categories: commercial services and personal services. Commercial services include activities such as trade, transport, warehousing, insurance, banking, advertising, and communications. Personal services cover areas like teaching, nursing, policing, medical care, detective work, and entertainment. This sector is also referred to as the service sector.
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Chapter 1: Introduction to Commercial Organisations - QUESTION BANK [Page 24]
