In which sector, the activities do not necessarily create/generate goods but provide services?

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Tertiary Sector

Agricultural Sector

Industrial Sector

None of the above

answer is A.

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Detailed Solution

In the tertiary sector, the activities do not necessarily create/generate goods but provide services. The service sector or the tertiary sector might not directly be involved in the production processes but play a vital role in the smooth and efficient functioning of the economy. This sector provides necessities like education, health, legal services, grooming, laundry, etc. Therefore, the tertiary sector does not necessarily imply the production of a material good. In conclusion, it can be stated that instead of product production, the service sector focuses on providing services, maintenance, consulting, and training processes in the economy.

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