Question

081. What is Service Sector? Explain its importance. on sst
​

Answer 1

Answer:

The service sector makes an important contribution to GDP in most countries, providing jobs, inputs and public services for the economy. Trade in services can improve economic performance and provide a range of traditional and new export opportunities.

Answer 2

Explanation:

The service sector is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector. The service sector consists of the production of services instead of end products. Services include attention, advice, access, experience, and affective labor.