Q.

Which sector is an example of an ATM?


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a

Primary Sector

b

Secondary Sector

c

Tertiary Sector

d

None of the above 

answer is C.

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Detailed Solution

Tertiary Sector is an example of an ATM.
The three-sector economics model divides economies into three areas of activity: primary, secondary, and tertiary. The tertiary sector includes call centres, Internet cafés, and ATM booths. The tertiary industry has all the services that aid in the growth of the primary and secondary sectors. The market services sector (trade, transportation, financial operations, personal services, business services, lodging and food services, real estate, and information communication) and the non-market sector comprise the tertiary sector (public administration, education, human health, and social work activities). This industry is classified into tertiary, quaternary, and quinary activities depending on the services provided.
 
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Which sector is an example of an ATM?