What is another name for the Service Sector?

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UPSSSC PET 24 Aug 2021 Shift 2 (Series A) (Official Paper)
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  1. Tertiary Sector
  2. Primary Sector
  3. Secondary Sector
  4. Agriculture Sector

Answer (Detailed Solution Below)

Option 1 : Tertiary Sector
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Detailed Solution

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The correct answer is Tertiary.

Key Points

  • The tertiary sector is also known as the service sector because the tertiary sector provides various services to primary and secondary sectors and the people.
    • In the tertiary sector, people do not offer any goods or products but their services like transportation, banking, teaching, etc.

Additional Information

  • The primary sector includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, and deposits.
  • The manufacturing and Industry sector are known as the secondary sector, sometimes as the production sector.
    • The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing, and industry.
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