Economics for Tertiary Sector

Compared to the other two sectors, the tertiary industry provides incentives for a higher profit margin. In the case of primary industry, companies need to achieve productivity and allocation efficiency, the margin in this area is slightly lower. Likewise, converting raw materials to products is a challenge for the secondary industry. For example. We manufacture and assemble steel for automobiles. Since 1995, the growth pattern of labor productivity in Europe is slower than in the United States, so the long-term convergence pattern is reversed.

The tertiary industry in the economic sector is related to the services of companies and consumers. Dry cleaners, realtors, and loan officers are workers in the economic sector of tertiary industry. Transportation, banking, traveling and retail are all part of tertiary industry. According to our prime minister Datuk Seri Mohammad Najib Abdul Razak, in addition to the growth and development of the manufacturing industry, the government is strengthening its efforts to develop and promote the service industry. The government aims to maximize the potential of the service sector, and the contribution to 60% of GDP is the goal of the Third Industrial Master Plan. According to Raul and Stern, they say, however, that the production of goods and services in economic development is used as an intermediate input. GDP is expected to increase further, reflecting the relative importance of the sector to the economy in 2005.

Like most French regions, the service industry is growing at the expense of two first sectors. The tertiary industry is leading the economy of this region. According to its importance, the first department is sightseeing (accounting for 5% of French tourism market). Midi-Pyrénées is one of the most popular districts of Provence, Ile-de-France, Rhône-Alpes region. Toulouse Airport is the fourth busiest airport in France and can accommodate five million passengers per year with only 15 minutes from domestic and international flights. From Toulouse you will find flights to almost all destinations in Europe. You can also fly between Paris and Toulouse in less than an hour. TGV high-speed train will connect Paris to Toulouse in 5 hours

The vast majority of wealth plays a part in tertiary industry. Most poor people also work in tertiary industries. The wealthiest people founded a single labor concentration area (in tertiary industry). However, I concentrate on the work of the poorest in this field. Other than that, it is far from unique. Companies in tertiary industry have spread to urban areas, even in poor communities, there are hundreds of stores, pharmacies, various repair shops, bars and bakers, and small stores in the city. However, the work in these fields is very concentrated.