Question

Discuss the significance and growth of the service sector in modern economic development

Answer 1

Answer:

Role of service sector in modern economic development:  

1. Holds the highest share in the country's Net National Product.

2.Promotes Industrialization.

3. Enhances network facilities.

4. Growth of agriculture and production.

5. Increase in the productivity of the goods.

6. Increased trade leading to better market growth.

7. Provides technical education and enhances the quality of service.

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