Tertiary sector of the economy in the context of Intangible good

In economics, the primary sector is the economic sector which comprises industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries. For example, in 2018, agriculture, forestry, and fishing comprised more than 15% of GDP in sub-Saharan Africa but less than 1% of GDP in North America.

In developed countries the primary sector has become more technologically advanced, enabling for example the mechanization of farming, as compared with lower-tech methods in poorer countries. More developed economies may invest additional capital in primary means of production: for example, in the United States Corn Belt, combine harvesters pick the corn, and sprayers spray large amounts of insecticides, herbicides and fungicides, producing a higher yield than is possible using less capital-intensive techniques. These technological advances and investment allow the primary sector to employ a smaller workforce, so developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher percentage involved in the secondary and tertiary sectors.

In economics, the secondary sector is the economic sector which comprises manufacturing, encompassing industries that produce a finished, usable product or are involved in construction.

This sector generally takes the output of the primary sector (i.e. raw materials like metals, wood) and creates finished goods suitable for sale to domestic businesses or consumers and for export (via distribution through the tertiary sector). Many of these industries consume large quantities of energy, require factories and use machinery; they are often classified as light or heavy based on such quantities. This also produces waste materials and waste heat that may cause environmental problems or pollution (see negative externalities). Examples include textile production, car manufacturing, and handicraft.

A developed country, or advanced country, is a country that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are the gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. Different definitions of developed countries are provided by the International Monetary Fund and the World Bank; moreover, HDI ranking is used to reflect the composite index of life expectancy, education, and income per capita. In 2025, 40 countries fit all three criteria, while an additional 22 countries fit two out of three.

Developed countries have generally more advanced post-industrial economies, meaning the service sector provides more wealth than the industrial sector. They are contrasted with developing countries, which are in the process of industrialisation or are pre-industrial and almost entirely agrarian, some of which might fall into the category of Least Developed Countries. As of 2023, advanced economies comprise 57.3% of global GDP based on nominal values and 41.1% of global GDP based on purchasing-power parity (PPP) according to the IMF.

Wolverhampton (/ˌwʊlvərˈhæmptən/ WUUL-vər-HAMP-tən) is a city and metropolitan borough in the West Midlands of England. Located around 12 miles (20 km) north of Birmingham, it forms the northwestern part of the West Midlands conurbation, with the towns of Walsall to the east and Dudley to the south. The population in 2021 was 263,700, making it the third largest city in the West Midlands after Birmingham and Coventry.

Historically in Staffordshire, Wolverhampton grew as a market town specialising in the wool trade. During the Industrial Revolution, it became a major centre for coal mining, steel production, lock making, and automotive manufacturing; the economy of the city is still based on engineering, including a large aerospace industry, as well as the service sector. The city is also home to the University of Wolverhampton. A town for most of its history, it gained city status in 2000. The M6 motorway runs just outside Wolverhampton's east and northeast borders, while the M54 motorway starts to the north and links the city with Telford. For railway travel, the city is served by Wolverhampton station, while the western terminus of the West Midlands Metro network is also located in the city.

Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy. It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product. The GRDP includes regional estimates on the three major sectors including their sub-sectors, namely:

• Raw material sector: Agriculture, animal husbandry, fishery, and forestry.
• Industry sector: Construction, electricity, manufacturing, mining, quarrying, and water.
• Service sector: Communication, finance, private government services, property management, real estate sales, storage, trade, and transport.

"The GRDP is usually presented in nominal and real terms. Nominal GRDP measures the value of the outputs of the economy at current prices. Real GRDP referred to as GRDP at constant prices, measures the value of an economy's output using the prices of a fixed base year. The real GRDP is useful in capturing real output growth since inflationary effects have been removed. It is, therefore, the most widely used measure of real income."

Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.

The terms finance industry and financial services industry in their most common sense concern commercial banks that provide market liquidity, risk instruments, and brokerage for large public companies and multinational corporations at a macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011.

In sociology, the post-industrial society is the stage of society's development when the service sector generates more wealth than the manufacturing sector of the economy.

The term was originated by Alain Touraine and is closely related to similar sociological theoretical concepts such as post-Fordism, information society, knowledge economy, post-industrial economy, liquid modernity, and network society. They all can be used in economics or social science disciplines as a general theoretical backdrop in research design.

Brest (French pronunciation: [bʁɛst] ; Breton: [bʀest] ) is a port city in the Finistère department, Brittany. Located in a sheltered bay not far from the western tip of a peninsula and the western extremity of metropolitan France, Brest is an important harbour and the second largest French military port after Toulon. The city is located on the western edge of continental France. With 139,456 inhabitants (2020), Brest forms Western Brittany's largest metropolitan area (with a population of 370,000 in total), ranking third behind only Nantes and Rennes in the whole of historic Brittany, and the 25th most populous city in France (2019); moreover, Brest provides services to the one million inhabitants of Western Brittany. Although Brest is by far the largest city in Finistère, the préfecture (administrative seat) of the department is in the much smaller town of Quimper.

During the Middle Ages, the history of Brest was the history of its castle. Then Richelieu made it a military harbour in 1631. Brest grew around its arsenal until the second part of the 20th century. Heavily damaged by the Allies' bombing raids during World War II, the city centre was completely rebuilt after the war. At the end of the 20th century and the beginning of the 21st century, the deindustrialization of the city was followed by the development of the service sector. Nowadays, Brest is an important university town with 23,000 students. Besides a multidisciplinary university, the University of Western Brittany, Brest and its surrounding area possess several prestigious French elite schools such as École Navale (the French Naval Academy), Télécom Bretagne and the Superior National School of Advanced Techniques of Brittany (ENSTA Bretagne, formerly ENSIETA). Brest is also an important research centre, mainly focused on the sea, with among others the largest Ifremer (French Research Institute for Exploitation of the Sea) centre, le Cedre (Centre of Documentation, Research and Experimentation on Accidental Water Pollution) and the French Polar Institute.

One classical breakdown of economic activity distinguishes three sectors:

• Primary: involves the retrieval and production of raw materials, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector.
• Secondary: involves the transformation of raw materials or intermediate goods into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector.
• Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector.

In the 20th century, economists began to suggest that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and hospitality.

Emotional labor is the act of managing one's own emotions and the emotions of others to meet job or relationship expectations. It requires the capacity to manage and produce a feeling to fulfill the emotional requirements of a job. More specifically, workers are expected to regulate their personas during interactions with customers, co-workers, clients, and managers. This includes analysis and decision-making in terms of the expression of emotion, whether actually felt or not, as well as its opposite: the suppression of emotions that are felt but not expressed. This is done so as to produce a certain feeling in the customer or client that will allow the company or organization to succeed.

Roles that have been identified as requiring emotional labor include those involved in education, public administration, law, childcare, health care, social work, hospitality, media, advocacy, aviation and espionage. As particular economies move from a manufacturing to a service-based economy, more workers in a variety of occupational fields are expected to manage their emotions according to employer demands when compared to sixty years ago.

Germany has a highly developed social market economy. It is the largest national economy in Europe, the third-largest by nominal GDP in the world, and the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but it is among the world's top 4 since 1960. In 2025, the country accounted for 23.7% of the Euro area economy according to the International Monetary Fund (IMF). Germany is a founding member of the European Union and the eurozone.

Germany is the third-largest exporter globally with $1.66 trillion worth of goods and services exported in 2024. In 2024, Germany recorded a trade surplus worth $255 billion, ranking 2nd worldwide. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports accounted for 50.3% of national output. The top 10 exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, and rubber and plastics. Germany is the largest manufacturing economy in Europe, contributing around one third of all manufacturing in Europe, which makes it more resilient to global economic crises. Germany conducts applied research with practical industrial value and sees itself as a bridge between the latest university insights and industry-specific product and process improvements. It generates a great deal of knowledge in its own laboratories. Among OECD members, Germany has a highly efficient and strong social security system, which comprises roughly 25% of GDP.