The Tertiary Sector, Quaternary Economy, and Globalization
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The Tertiary Sector: Services and Economic Growth
The Tertiary Sector does not produce material goods. Instead, it provides essential services to people and other economic sectors. Examples include health care and education.
Growth and Importance in Developed Nations
In developed countries, the tertiary sector has undergone significant growth, both in terms of the number of people employed and the wealth generated, making it the most important economic sector today. This expansion coincided with the emergence of the Information Society.
Low-End Tertiary Services
The Low-End Tertiary Sector consists of jobs that require little specialized training and are usually poorly paid. Examples include cleaners and street traders.