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Three Types of Services

Three Types of Services . Chapter 12, Key Issue #1. MDC’s / CORE. The majority of workers are engaged in the provision of services. Consumer Business Public. Tertiary Sector. The tertiary sector of the economy is the service industry.

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Three Types of Services

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  1. Three Types of Services

    Chapter 12, Key Issue #1
  2. MDC’s / CORE The majority of workers are engaged in the provision of services. Consumer Business Public
  3. Tertiary Sector The tertiary sector of the economy is the service industry. >provides services to the general population and to businesses. Activities include retail and wholesale sales, transportation and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law. In most developed and developing countries, a growing proportion of workers are devoted to the tertiary sector. In the U.S., more than 80% of the labor force are tertiary workers.
  4. Quaternary Sector The quaternary sector of the economy is concerned with the exchange of money or goods Activities associated with this sector include: > Government > Libraries > Scientific Research > Education >Information Technology
  5. LOCATION INFLUENCE on QUATERNARY services High-level services aimed at the collection, processing, and manipulation of information and capital – are more diverse. Some of these services are strongly tied geographically to the locus of economic activity. Banking requires a high level of interpersonal contact and therefore tend to be located near businesses they are serving.
  6. Quinary Sector Some consider there to be a branch of the quaternary sector called the quinary sector, which includes the highest levels of decision making in a society or economy tied to research and or higher education. This sector would include the top executives or officials in such fields as government, Science universities nonprofit healthcare, and the media.
  7. Location influence on QUINARY SERVICES Those who work in the quinary sector jobs tend to be concentrated around nodes of quinary activity – Government seats, universities, and corporate headquarters. Corporate headquarters tend to located in large metropolitan areas. All sorts of high-level research and development activities are located on the fringes of universities, and a host of specialized consultants are concentrated around government centers. These then become major nodes of quinary activity.
  8. HOW WHAT?TIME to START YOUR CLASSIFICATION of OCCUPATIONS Homework.
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