Service Industry

The services industry also known as tertiary sector of economy or service sector. It also define the sharing of information in tertiary sectors and increases its importance for many developed economies. Tertiary sector of economy is one of the major part in three economic sectors, the rest of two are primary sector and secondary sector. The service industry sector includes capital, industrial and service market, consumers. Services sector of the economy covers a wide gamut of activities like trading, banking & finance, infotainment, real estate, transportation, security, management & technical consultancy among several others. The various sectors that combine together to constitute service industry are:

  • Retail & wholesale trade
  • Health care & social assistance
  • Accommodation & food services
  • Professional, scientific and technical services
  • Educational services
  • Finance, insurance, real estate & leasing
  • Transportation & warehousing
  • Information, culture & recreation
  • Public administration & defense
  • Business, building & other support services

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