What does the tertiary industry specifically mean?

The tertiary industry specifically refers to public utilities, finance, tourism, insurance and transportation.

1. Public utilities refer to all undertakings that have the basic characteristics enjoyed by enterprises, institutions and residents and serve urban production, circulation and residents' lives. In China, most urban public utilities are invested by the state or municipal finance. According to the nature of public utilities and the specific situation of the city, the management mode is different.

City tap water, electricity, gas, heating and public transportation are led by the municipal government public utilities department, operated by independent professional companies, and the economic accounting system is implemented; Postal communications and other services are operated by independent accounting enterprises; Urban environmental sanitation is paid by urban maintenance fees.

2. Financial industry refers to banks and related fund cooperatives, as well as insurance industry. Except for industrial economic activities, all other economic-related activities are financial industry.

Financial industry refers to a special industry dealing in financial commodities, including banking, insurance, trust, securities and leasing.

3. Tourism is a comprehensive industry that relies on tourism resources and facilities to attract or receive tourists and provide them with transportation, sightseeing, accommodation, catering, shopping and entertainment.

Tourism business consists of three parts: tourism, transportation and passenger transport, and accommodation represented by hotels. They are the three pillars of tourism.

4. Insurance refers to the business that funds raised through contracts are used to compensate the economic interests of the insured.

Insurance refers to the behavior that the applicant pays the insurance premium to the insurer according to the contract, and when the insured dies, is disabled and reaches the age and time limit agreed in the contract, the insurer shall be liable for the property losses caused by the possible accidents agreed in the contract.

5. Transportation refers to the business activities of transporting goods or passengers to their destinations by means of transportation, so that their spatial positions are shifted. Including land transportation services, water transportation services, air transportation services and pipeline transportation services.

Baidu encyclopedia-tertiary industry

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