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The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing). The tertiary sector consists of the provision of services instead of end ...
The electrical & electronics (E&E) industry is the leading sector in Malaysia's manufacturing sector, contributing significantly to the country's exports and employment. The E&E industry produces 13% of global back-end semiconductors, driving 40% of the nation's export output and contributing about 5.8% to the GDP in 2023. [ 114 ]
At the top level, they are often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services). Some authors add quaternary (knowledge) or even quinary (culture and research) sectors. Over time, the fraction of a society's activities within each sector changes.
Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.
Education in Malaysia is overseen by the Ministry of Education (Malay: Kementerian Pendidikan). Although education is the responsibility of the Federal Government, each state and federal territory has an Education Department to co-ordinate educational matters in its territory. The main legislation governing education is the Education Act 1996.
Tertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education. The World Bank , for example, defines tertiary education as including universities as well as trade schools and colleges . [ 1 ]
In the 20th century, economists began to suggest that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and ...
[citation needed] The IT industry continues to be the largest private sector employer in India. [88] India is also the fourth largest start-up hub in the world with over 3,100 technology start-ups in 2014–15 [ 89 ] The agricultural sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013 ...