Discuss the economic importance of the tertiary sector.
Evaluate the growth in the composition of the tertiary sector.
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Importance of tertiary sector.
Explanation:
- Tertiary sectors hold an important place in our economy and anchor of it.
- Our employment rate is based on this sector.
- It creates employment for the uneducated people as well.
- The tertiary sector is playing an important role in the development of our economy through its infrastructural investment.
- The scope of economic geography set the characterization of the tertiary sector.
- Many divisions were made for economic development and essential service is one of them.
- Examples are health service, education, tourism, finance, sales, and retail, etc.
Learn more about the Tertiary sectors.
What is tertiary sector?
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The nation’s employment rate is dependent on this sector. Without it, the nation’s economic rate will practically fall. India’s fast and growing service sector is because even though many people are not educated or they cannot afford to be, they have many talents. They use the talents and get a job in the Tertiary Sector.
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