The tertiary sector, also known as the services sector, includes all economic activities that provide intangible services instead of physical goods. This sector covers various areas such as retail and wholesale trade, transportation, finance, education, healthcare, hospitality, and government.

Key features include:

• Represents the largest share of the economy in developed countries regarding jobs and total output.
• Focuses on providing support and assistance to both individual consumers and other businesses.
• Typically shows slower productivity growth when compared to the manufacturing or industrial sectors.
• Often divided into three categories: producer services, consumer services, and public services.
• Highly dependent on human capital, which refers to the skills, education, and experience of the workforce.