The tertiary sector, after buying the goods from the secondary sector, the tertiary business sells goods to the public for the most profit. This sector provides service for the public.
- Tourism
- Media
- Retail and wholesale sales
- Restaurants
- Entertainment
- Transportation and distribution
- Law
- Insurance
- Banking
- Healthcare
- Banking
- Clerical service
This is an example showing the chain of production:
Primary- oil riggers
Secondary- processing the fossil fuels.
Tertiary- garages and private company sells oil product to the public.
An example of a primary sector growth:
Wind farmers have become more popular over the last few decades, because people are concerned about global warning and turning towards renewable and clean energy because wind farms are a lot more efficient, greener and healthier, more and more wind farms are being build throughout North Wales.
An example of a primary sector declining.
Only organic. Only organic food production has decline, due to the recession. Organic food is much dearer to product and to buy, because of this people turn to supermarket for best value for money, so there’s less need for organic food.
Secondary growth
Builders
RedRow is a north Wales based building company, which is well known over Wales and England. RedRow specialize in building new houses, cheap and deer. The firm has being doing very well since people want cheap homes in good condition.
Secondary decline
There has being a decline in the previous years for car manufacture, many car manufactures are closing down and cutting workers. Many factorise has closed down due to financial problems, they moved to foreign countries like India and China because the wage are much cheaper per/hour
Tertiary growth
HSBC has being growing in the past month,. Banks has being growing through a tough time and it was one of the reasons why the recession started. But they’re growing back very quickly. One of the reasons they’re growing is that their very strict to whom they lend money.
Tertiary decline
Brewery
Archer’s brewery has decline over the past years due to the recession, and is recently gone bust and has gone into administration. The no smoking ban has had a lot of impact on the brewery. Because people wouldn’t go out as much as they use to, would buy less alcohol.