2. Does tertiary sector include only the services that help in the production of goods?
3. Highlight any three factors responsible for the growth of service sector in the Indian
economy.
Answers
Answer:
2. The tertiary sector also includes some special services that may not help directly in the production of goods.it includes some personal services like washer men, barbers ,doctors,etc.. this sector also includes certain new service based on information technology like ATM booths,call centres, etc..
3. Highlight any 3 factors responsible for the growth of service sector in the Indian economy? In any country several basic services like transport, bank, insurance, educational institutions etc are required and the government has to take the responsibility for the provision of these services.
Answer:
2.No!
The tertiary sector also includes some special services that may not help directly in the production of goods.it includes some personal services like washer men, barbers ,doctors,etc..this sector also includes certain new service based on information technology like ATM booths,call centres, etc..
3.
The major factors responsible for high growth of the service sector are as under :
(i) Development of means of transport and com-munication due to globalization.
(ii) Development of banking and insurance sector
due to the policy of privatization.
(iii) Expenditure on the development of infrastructure.
(iv) Investment in different service sectors due to
indigenous and foreign institutional investment.
(v) Rapid industrialisation.
(vi) Development of agriculture due to Green Revolution.
Explanation:
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