Economy, asked by pratikjadhav6, 8 months ago

explain
the
definition
of
the
service
Sector​

Answers

Answered by BhuvanGolecha
0

Answer:

The service sector is the third of the three economic sectors of the three-sector theory

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Answered by viratgraveiens
4

Service sector is an important economic sector in many countries.It is also known as tertiary sector and involves the use of human services,skills,expertise and knowledge to fulfill various customers needs and services.

Explanation:

  • Tertiary is one of the 3 major economic sectors which encompasses the utilization or use of human services,skills,expertise etc. to provide various kinds of services to the customers.
  • It is not really engaged with the commercial production of any physical or tangible goods or commodities but mainly comprises of industries which concern the involvement of specialized human services and efforts to fulfill customer needs and demands which basically justifies the formal name of the sector.
  • Some of the common examples of service or tertiary sector includes hotel industry,restaurant industry,banking and financial services,legal services or consulting,health/medical services and so on.All of these economic practices under the service sector involves the use of specialized human services and expertise and not exactly the production and sale of any physical and tangible product or commodity.
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