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The tertiary sector of the economy ______. - Economics

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Question

The tertiary sector of the economy ______.

Options

  • produces goods only

  • produces services only

  • producer goods as well as services

  • None of these

MCQ
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Solution

The tertiary sector of the economy produces services only.

Explanation:

The tertiary sector of the economy does not produce goods; instead, it provides services that support production and distribution in the primary and secondary sectors, as well as direct services to consumers. Examples include transport, banking, insurance, trade, education, and healthcare.

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Chapter 6: Main Sectors of the Indian Economy - QUESTIONS [Page 88]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 6 Main Sectors of the Indian Economy
QUESTIONS | Q 2. | Page 88
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