The Service Sector is the dimension of the economy that produces services
Services are nonmaterial commodities such as Health, Insurance, Education, Security
The activities in the service sector are, Trade and commerce, Transportation, communication, and storage, Finance, Ownership of dwellings and real estate, Government Services
Trade and commerce is the selling of goods
The 2 major models of Trading are: Wholesale, and Retail
The National Statistic Coordination Board (NSCB) defines wholesale trade as an intermediate step in the distribution of merchandise
An establishment is considered a wholesaler if: Its major on regular clients are business, institutions, and resellers
Retail trade is the final step in the distribution of merchandise where its main activity is selling new/used goods w/o transformation on a regular basis direct to the general public
An establishment is considered retailer if: its major and regular clients are the general public, including household . And if its major source of sales is derived from the same things (answer)
Transportation and communication facilitate the flow of trade and commerce
storage provides custodial services to traders. it operates warehouse and other facilities that keep merchandising goods in safe and good condition
In 2011, there were 7.1 million registered motor vehicles throughout the country
The registered motors for Private is 6.1 million. For hire: 971 thousand . Government: 67.3 thousand. Diplomatic: 3.6 thousand. Exempt: 652 thousand
The total numbers of airports in 2011 was 84, which 10 are international and 74 are domestic.
The Major domestic commercial airlines in the country are Philippine Airlines, Cebu pacific, Pal Express, Zest Air
As of 2011, there were 6.75 million telephone lines installed all over the country.
in 1996, there were only 24 internet service providers in the country and about 100 thousand subscribers
In 2011, the national telecommunications commission reported a total of 320 internet service providers and 5.2 million subscribers
Intermediation is the main function of the Financial Sector.
Banks and otherfinancial institutions are the main source of investment funds in the finance sector
Finance has provided jobs to 368,000 of the country's labor force
Lands, commercial buildings, residential houses and apartments for rent belong to the real estate industry.
The government's main responsibility is to deliver social, economic and general public services to the people.
social services includes education, culture, manpower development , health, social security, welfare and employment
Economic services includes agriculture and agrarian reform, natural resources and development, trade and industry, tourism, power and industry