Third sector

To start, it is important to mention what a sector is . The sector, seen from the economic point of view, is the set of activities that take place in a given place, whether of a productive or commercial nature . All these groups that are generated in the place can be grouped into three different and broad sectors: primary sector, secondary sector and tertiary sector . The tertiary sector is known globally as the sector responsible for providing the servicesnecessary for a population, since it includes the different activities that do not involve the production of material goods . Companies in the tertiary sector, then, are dedicated to satisfying different needs that people have . The presence of the tertiary sector is very important because it allows us to make a classification of all economic activities that increase the well-being of consumers through different services, that is, the production of intangible goods .

Characteristics of the tertiary sector

The expansion of the tertiary sector is a sign of the evolution of production, generating more gross domestic product and competitiveness in companies, as they outsource certain activities and subcontract companies to supply some of the services.

It is responsible for improving productivity , human capital and long-term business growth supported by sectors such as education, health, technological development, among others.

Outsourcing faces some difficulties for its study because it has a great heterogeneity typical of the sector.

The consumption of the tertiary sector occurs simultaneously with its production, which conditions the capacity for internationalization because its production and consumption occur at the same time and in the same place.

They produce intangible and immaterial activities and for this reason their activities cannot be stored, on the contrary, they are close to consumers .

The level of mechanization they have is relatively low and they are activities that occur worldwide.

Composition

The tertiary sector is made up of different types of economy , which are mentioned below:

• Trade : wholesale, retail and franchises.
• Financial activities:  banks, insurance, stock market.
• Hotels and tourism- related activities .
• Telecommunications:  telephones, cell phones, means of communication.
• Activities related to leisure:  such as culture, sports, cinema, shows, video games.
• Management and administration of companies
• Public service and service to the community as firefighters, police, civil protection.

Tertiary Sector Activities

• Waste disposal
• Education
• Banks
• Life insurances
• Financial and legal services
• Different means of communication
• Retail sales
• Casinos
• tourism
• Franchises
• Real estate
• Security
• Hospitality
• Telecommunications
• Transport

Importance

At present we can say that the tertiary sector is one of the most important for a country since it is the source of a large amount of labor . The tertiary sector has a relevant and fundamental importance in our daily lives. Every day, without realizing it, we come into contact with this sector that is so important to society: when we buy food or groceries in a supermarket, when we go to school or university, when we watch television, when we travel by train, bus or plane . It is a very important and necessary aspect within today’s societies as it helps them organize , direct and controlactivities carried out by human beings. In some developed populations, the tertiary sector can even reach approximately 70% of the total active population, which makes the region a place with high productivity while contributing to production and the commercial economy .

Tertiary Sector in Spain

In Spain there has been a great economic and labor evolution within the tertiary sector, in such a way that the country has managed to go from 30% in the middle of the 20th century to practically 70% today. This sector is responsible for providing work to 68% of the workforce; and it is considered as the most important sector of the three sectors today. This process of outsourcing has been achieved for different reasons: a progressive industrialization ; the increase in the standard of living; the complex ; the increase and development of tourism ; the importance of public services ; growing competitionbetween companies; the incorporation of women into the world of work.

Tertiary Sector in Mexico

The tertiary sector in Mexico has managed to give an important boost to the country mainly due to the performance of the service sector, which managed to grow 3.1% annually, its highest figure according to figures from the National Institute of Statistics and Geography (INEGI). The hotel industry, tourism and medicine are examples of tertiary activities that have made the country rise up and attract tourists from all over the world, thus generating profits for the country.

In Venezuela

The trade outside of Venezuela is regulated by the state . It is the state in charge of establishing customs duties, taxes and the regulation of free trade zones or free zones , such as Margarita, where there is special regulation. The transport of passengers, public and private, both urban and extra-urban, is carried out through the use of cars, trolleys per station and buses.