Low-income economies generally have a very low percentage of their working population employed in the tertiary industrial sector. What alternative name is used for the tertiary industrial sector?

Economics
Low-income economies generally have a very low percentage of their working population employed in the tertiary industrial sector. What alternative name is used for the tertiary industrial sector?

ScanSolve AI Answer

The tertiary industrial sector is also known as the service sector. This sector includes industries that provide services rather than goods, such as healthcare, education, retail, and finance.

The alternative name for the tertiary industrial sector is the service sector.

What's next? Send 'em! 📸

Was this helpful?

Need help with your own homework?

Get instant step-by-step solutions to any question. Free to start.

Ask Your Question
Got a syllabus? Photograph it and I'll tell you what's due and what's worth the most.
Handwritten step-by-step solution preview

Handwritten Step-by-Step Solution

Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.

Try on WhatsApp

More Economics Questions

Qසුක්ෂම ආර්ථීක විද්‍යාව යනුQDetermine the state of the marketQWhat is taxation?QHow much of this good would be demanded and supply if it was given away free of cost? Find demand an…QUse the HR Manager’s current salary and, based on your analysis in the previous questions, recommend…
See all Economics questions →

Still have questions?

Quick Answer

The tertiary industrial sector is also known as the service sector. This sector includes industries that provide services rather than goods, such as healthcare, education, retail, and finance.

Low-income economies generally have a very low percentage of their working population employed in the tertiary industrial sector. What alternative name is used for the tertiary industrial sector?
Economics

This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.

ScanSolve AI Answer
The tertiary industrial sector is also known as the service sector. This sector includes industries that provide services rather than goods, such as healthcare, education, retail, and finance. The alternative name for the tertiary industrial sector is the service sector. What's next? Send 'em! 📸