Tertiary economic activity

What is the tertiary economic activity? The tertiary economic activity or service sector encompasses the production of services instead of end goods that meet the needs of individuals. The tertiary sector is composed of the “soft” parts of the economy, that is, activities where people offer their knowledge and time to improve the productivity, performance, potential, and sustainability of the economy.

Services are also known as intangible goods and include care, advice, experience, discussion, among others.

The tertiary economic activity involves not only the provision of services to consumers (B2C) but also to other companies (B2B). For example the consulting services from a digital agency to an online store.

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