Question : Which of these is a component of the tertiary sector of an economy?
Option 1: Mining and quarrying
Option 2: Water supply
Option 3: Electricity
Option 4: Hotels and restaurants
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Correct Answer: Hotels and restaurants
Solution : The correct answer is Hotels and restaurants.
The tertiary sector, also known as the service sector, encompasses a wide range of service-based industries that provide services to individuals and businesses.
This includes businesses like hotels, restaurants, retail, healthcare, education, entertainment, and various professional services. Mining and quarrying, water supply, and electricity generation are typically part of the primary and secondary sectors of the economy, not the tertiary sector.
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