Tertiary sector includes which of the following activities ? |
Only production of services Only exchange of services Both production and exchange of services None of the above |
Both production and exchange of services |
Tertiary activities include both production and exchange of services. The production involves the ‘provision’ of services that are ‘consumed’. The output is indirectly measured in terms of wages and salaries. Exchange, involves trade, transport and communication facilities that are used to overcome distance. |