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Tertiary sector of the economy

Index Tertiary sector of the economy

The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory. [1]

65 relations: Accounting, Affective labor, Bank, Brand awareness, Consultant, Distribution (economics), Economic sector, Education, Entertainment, Fast-moving consumer goods, Finance, Financial adviser, Financial services, Franchising, Gambling, Global Industry Classification Standard, Globalism, Health care, Hospitality industry, Indigo Era (economics), Industry Classification Benchmark, Information economy, Information technology, Insurance, International Monetary Fund, International Standard Industrial Classification, International trade, Investment, Investment management, Kenichi Ohmae, Management consulting, Manufacturing, Market (economics), Market research, Mass media, North American Industry Classification System, Pest control, Post-industrial economy, Practice of law, Primary sector of the economy, Product (business), Product differentiation, Professional services, Protectionism, Public health, Quaternary sector of the economy, Raw material, Real estate, Restaurant, Retail, ..., Secondary sector of the economy, Service (economics), Standard Industrial Classification, Statistical Classification of Economic Activities in the European Community, Telecommunication, The World Factbook, Three-sector theory, Transport, United Kingdom, United Nations, United States, United States dollar, Waste management, Western world, Wholesaling. Expand index (15 more) »

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

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Affective labor

Affective labor is work carried out that is intended to produce or modify emotional experiences in people.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Brand awareness

Brand awareness refers to the extent to which customers are able to recall or recognise a brand.

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Consultant

A consultant (from consultare "to deliberate") is a professional who provides expert advice in a particular area such as security (electronic or physical), management, education, accountancy, law, human resources, marketing (and public relations), finance, engineering, science or any of many other specialized fields.

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Distribution (economics)

In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital).

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Economic sector

One classical breakdown of economic activity distinguishes three sectors.

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Education

Education is the process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

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Entertainment

Entertainment is a form of activity that holds the attention and interest of an audience, or gives pleasure and delight.

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Fast-moving consumer goods

Fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) are products that are sold quickly and at relatively low cost.

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Finance

Finance is a field that is concerned with the allocation (investment) of assets and liabilities (known as elements of the balance statement) over space and time, often under conditions of risk or uncertainty.

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Financial adviser

A financial adviser is a professional who suggests and renders financial services to clients based on their financial situation.

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Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

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Franchising

Franchising is based on a marketing concept which can be adopted by an organisation as a strategy for business expansion.

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Gambling

Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods.

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Global Industry Classification Standard

The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community.

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Globalism

Globalism is a group of ideologies that advocate the concept of globalization.

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Health care

Health care or healthcare is the maintenance or improvement of health via the prevention, diagnosis, and treatment of disease, illness, injury, and other physical and mental impairments in human beings.

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Hospitality industry

The hospitality industry is a broad category of fields within the service industry that includes lodging, event planning, theme parks, transportation, cruise line, and additional fields within the tourism industry.

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Indigo Era (economics)

The Indigo Era, or "Indigo economies", is a concept first publicized in early 2016 by international businessman Mikhail Fridman, the co-founder of LetterOne, an international investment business.

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Industry Classification Benchmark

The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now owned solely by FTSE International.

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Information economy

Information economy is an economy with an increased emphasis on informational activities and information industry.

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Information technology

Information technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise.

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Insurance

Insurance is a means of protection from financial loss.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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International Standard Industrial Classification

The International Standard Industrial Classification of All Economic Activities (ISIC) is a United Nations industry classification system.

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International trade

International trade is the exchange of capital, goods, and services across international borders or territories.

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Investment

In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.

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Investment management

Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors.

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Kenichi Ohmae

is a Japanese organizational theorist, management consultant, Former Professor and Dean of UCLA Luskin School of Public Affairs, and author, known for developing the 3C's Model.

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Management consulting

Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement.

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Manufacturing

Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.

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Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

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Market research

Market research (also in some contexts known as industrial research) is any organized effort to gather information about target markets or customers.

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Mass media

The mass media is a diversified collection of media technologies that reach a large audience via mass communication.

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North American Industry Classification System

The North American Industry Classification System or NAICS (pronounced "nakes") is used by business and government to classify business establishments according to type of economic activity (process of production) in Canada, Mexico, and the United States of America.

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Pest control

Pest control is the regulation or management of a species defined as a pest, a member of the animal kingdom that impacts adversely on human activities.

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Post-industrial economy

A post-industrial economy refers to a period of growth within an industrialized economy or nation in which the relative importance of manufacturing reduces and that of services, information, and research grows.

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Practice of law

In its most general sense, the practice of law involves giving legal advice to clients, drafting legal documents for clients, and representing clients in legal negotiations and court proceedings such as lawsuits, and is applied to the professional services of a lawyer or attorney at law, barrister, solicitor, or civil law notary.

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Primary sector of the economy

An industry involved in the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing.

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Product (business)

In marketing, a product is anything that can be offered to a market that might satisfy a want or need.

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Product differentiation

In economics and marketing, product differentiation (or simply differentiation) is the process of distinguishing a product or service from others, to make it more attractive to a particular target market.

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Professional services

Professional services are occupations in the tertiary sector of the economy requiring special training in the arts or sciences.

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Protectionism

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.

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Public health

Public health is "the science and art of preventing disease, prolonging life and promoting human health through organized efforts and informed choices of society, organizations, public and private, communities and individuals".

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Quaternary sector of the economy

The quaternary sector of the economy is a way to describe a knowledge-based part of the economy, which typically includes services such as information technology, information-generation and -sharing, media, and research and development, as well as knowledge-based services like consultation, education, financial planning, blogging, and designing.

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Raw material

A raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished products, energy, or intermediate materials which are feedstock for future finished products.

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Real estate

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

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Restaurant

A restaurant, or an eatery, is a business which prepares and serves food and drinks to customers in exchange for money.

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Retail

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.

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Secondary sector of the economy

The secondary sector of the economy includes industries that produce a finished, usable product or are involved in construction.

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Service (economics)

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

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Standard Industrial Classification

The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code.

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Statistical Classification of Economic Activities in the European Community

The Statistical Classification of Economic Activities in the European Community, commonly referred to as NACE (for the French term "nomenclature statistique des activités économiques dans la Communauté européenne"), is the industry standard classification system used in the European Union.

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Telecommunication

Telecommunication is the transmission of signs, signals, messages, words, writings, images and sounds or information of any nature by wire, radio, optical or other electromagnetic systems.

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The World Factbook

The World Factbook, also known as the CIA World Factbook, is a reference resource produced by the Central Intelligence Agency (CIA) with almanac-style information about the countries of the world.

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Three-sector theory

The three-sector theory is an economic theory which divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary).

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Transport

Transport or transportation is the movement of humans, animals and goods from one location to another.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United Nations

The United Nations (UN) is an intergovernmental organization tasked to promote international cooperation and to create and maintain international order.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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Waste management

Waste management or waste disposal are all the activities and actions required to manage waste from its inception to its final disposal.

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Western world

The Western world refers to various nations depending on the context, most often including at least part of Europe and the Americas.

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Wholesaling

Wholesaling, jobbing, or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers and related subordinated services.

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References

[1] https://en.wikipedia.org/wiki/Tertiary_sector_of_the_economy

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