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tertiary industry

 
 
noun [C or U]

Definition

ECONOMICS, COMMERCE an industry that provides services rather than producing goods, or these industries considered as a group: The government is studying the structure of tertiary industries and plans to develop the business consultancy and tourism sectors. Shanghai's ratio of tertiary industry to GDP is still much higher than the national average.
→ Compare primary industry, secondary industry
(Definition of tertiary industry noun from the Cambridge Business English Dictionary © Cambridge University Press)

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