What is the main function of the tertiary industry?

The main function of the tertiary industry is to provide services to consumers and businesses, which includes selling goods and offering various services. This sector is critical in the economy as it facilitates transactions and enhances the overall value of goods produced in the primary and secondary sectors. Tertiary industry encompasses a wide range of activities, such as retail, transportation, healthcare, finance, and education, among others.

Unlike the primary industry, which focuses on extracting natural resources, and the secondary industry, which involves manufacturing and processing those resources into goods, the tertiary industry plays a vital role in the economy by enabling consumers and businesses to access those goods and services efficiently. This makes the tertiary sector important for supporting economic growth and improving living standards.