The Tertiary sector or service sector is sector that sells the goods or services from the secondary sector.
This sector includes the sectors:
Wholesale and retail trade; repair of motor vehicles and motorcycles
The Wholesale and Retail Trade; Repair of Motor Vehicles industry encompasses a wide range of businesses involved in the purchasing, selling, and distribution of goods and services. This ranges from wholesalers who buy and distribute large quantities of products to retailers, to shops and boutiques that sell directly to consumers. In addition, this industry includes businesses specializing in the maintenance, repair, and sale of motor vehicles, including brand dealers, independent garages, and tire specialists.
Transportation and storage
The Transport and Storage industry encompasses a wide range of businesses and activities focused on the safe and efficient transportation and storage of goods and people. This sector plays a crucial role in the global economy by facilitating connections between producers, consumers, and markets. The industry consists of various subsectors, including road transport, rail transport, aviation, maritime, pipelines, and storage and distribution centers.
Accommodation and food service activities
The accommodation, food, and beverage industry comprises businesses and establishments involved in offering lodging, food, and drinks to consumers. This sector encompasses a wide range of services, such as hotels, motels, holiday parks, restaurants, cafes, bars, canteens, and catering services. These businesses play a crucial role in the tourism and hospitality industry and contribute to the economic growth and employment in the region.
Information and communication
The Information and Communication industry encompasses a wide range of sectors and companies that deal with the creation, dissemination, management, and accessibility of information and data. This industry plays a crucial role in the digital economy and includes sectors such as telecommunications, internet services, software development, data analysis, gaming, digital media, marketing, and advertising. Companies in this industry range from small start-ups to large multinationals and are responsible for driving innovation and supporting other sectors in their digital transformation.
Financial institutions are businesses that deal with facilitating financial services and products to both individuals and companies. This sector encompasses a wide range of businesses, including banks, insurance companies, investment funds, securities brokers, credit providers, and other similar organizations. Financial institutions play a crucial role in the global economy by mobilizing capital, managing risks, facilitating payments, and providing credit and investment opportunities.
Renting, buying and selling of real estate
The Rental and Real Estate Trade industry includes companies and organizations involved in buying, selling, renting, and managing residential, commercial, and industrial real estate properties. This sector plays a crucial role in the economy by facilitating real estate transactions and supporting the housing and business space needs of individuals and businesses.
Consultancy, research and other specialised business services
The Consulting, Research, and Other Specialized Business Services industry encompasses a wide range of companies and professionals who provide specialized services to both individuals and business clients. These services include, but are not limited to, management consulting, legal advice, market research, technical consulting, environmental consulting, human resources, and communication. This sector plays a crucial role in the economy by providing expertise and insights that help businesses make strategic decisions, improve their performance, and tackle complex challenges.
Renting and leasing of tangible goods and other business support services
The Rental of movable goods and other business services industry encompasses a wide range of companies engaged in renting various types of movable goods, such as machinery, vehicles, equipment, and furniture, as well as providing a variety of business services to other businesses and individuals. These services can range from consultancy, legal support, marketing and advertising to technical and IT support. This sector plays a crucial role in the economy by providing flexibility and efficiency to businesses that utilize these services and goods.
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