Question

Which of the following sector is related to the Service sector?

A Retail Correct Answer Incorrect Answer
B Banking Correct Answer Incorrect Answer
C Real Estate Correct Answer Incorrect Answer
D Education Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

The service sector, also known as the tertiary sector, is the third tier in the three-sector economy. Instead of product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, Retail, Banking, Real Estate, and teaching. By contrast, individuals employed in the industrial or manufacturing sectors produce tangible goods, such as cars, clothes, or equipment.

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