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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What do you mean by tertiary industries? - Commerce

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Question

What do you mean by tertiary industries?

Short Answer

Solution

They do not produce goods. These industries produce utility services and sell them at a profit. They help trade, industry, and commerce. This term also includes auxiliaries to trade like banking, insurance, warehouse, advertisement, etc. 

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Chapter 3: Classification of Business Activities - Exercises [Page 22]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 3 Classification of Business Activities
Exercises | Q III. 2. | Page 22
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