Which statement correctly reflects a characteristic of goods produced in the tertiary sector?

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Study for the GCSE Economics Exam with comprehensive flashcards and multiple choice questions. Each question includes hints and detailed explanations. Prepare thoroughly for your exam!

The characteristic of goods produced in the tertiary sector is that they are intangible and consist of services. The tertiary sector is primarily focused on providing services rather than physical products. Services include a wide range of activities such as healthcare, education, finance, and hospitality, which cannot be touched or owned in the same way that physical goods can.

In contrast, options mentioning tangible and manufactured goods point towards products typically produced in the primary and secondary sectors, where raw materials are turned into finished goods. Moreover, goods that consist of raw materials would also belong to the primary sector, as this sector is focused on extracting and producing raw materials. The option regarding being derived from the factor market relates more to the inputs used across various sectors, but does not specifically capture the essence of what defines the tertiary sector's focus on services. Therefore, the emphasis on intangibility and the nature of services makes this answer accurately representative of the tertiary sector.

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