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English definition of “tertiary industry”

tertiary industry

noun [C or U]
 
 
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 from the Cambridge Business English Dictionary © Cambridge University Press)
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