Tertiary Economic Activity

Tertiary economic activity is a type of economic activity that provides a service to customers. It involves activities such as transportation, communication, banking and insurance, real estate and other business-related services. The tertiary sector is essential for economic growth as it provides employment opportunities for people and helps the economy to specialize in activities that it excels in. For example, transport services allow people to access markets that are far away, communication services enable businesses to connect with customers and clients around the world, while banking and insurance services provide a secure and efficient way to move money and protect assets.