Question

explain the concept of service .do you think that the importance of service sector in our economy is on the rise ? give reason for your answers​

Answer 1

Explanation:

The service in which your served your duty for your state or country that profession terms as a Service.

yes there many sectors that really help our economy to rise up.

Example that's Doctor or Health Workers

Example

• In Nowadays if our medical system and doctor are well then we beat the COVID- rapidly and we resume our economy.

hope you will understand the concept

Answer 2

The Service Sector, also called tertiary sector, is the third of the three traditional economic sectors. The service sector offers services, rather than producing material commodities. Activities in the service sector include banks, retail, real estate, hotels, health, education, computer services, social work, media, recreation, electricity, communications, gas and water supply

Explanation:

• Yes, the importance of service sector in our economy is on the rise. As a service, trade dominates the sub-sector with regard to its contribution towards Indian GDP. The percentage of jobs in both the service and industry sectors is increasing, and it is decreasing continuously in agriculture.
• Many of the citizens of India remain active in agriculture and the next largest employer is the service sector, which generates substantial jobs in commerce, the hotels & restaurants, government , and social and personal services. The service sector, dominated by growth and shareholdings, therefore acts as a growing catalyst for the Indian economy.
• It is necessary to build quality jobs and to increase the value chain in a developing country such as India, which has a large & young populations.   India requires private investment in in key infrastructure services such as large transport, energy & telecommunications services.

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Explain the growing importance of service sector in an economy ...

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