explain the meaning of tertiary sector and describe the importance of tertiary sector
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Explanation:
tertiary sector: Tertiary sector is a service sector industry which provides service such as finance , transport, communication etc.Here , activities from primary and secondary are collected for distribution.therefore ,it is known as distribution sector or service sector.
Importance of tertiary sector:
- It is the soul of the developing country as it provides employment to millions of youths
- This sector provides basic services such as educational institutions, hospitals,courts ,schools etc so it is most important sector.
- There is various work under tertiary sector such as transport, communication,financing ,banking so there are lots of people engaged here.
- The GDP of a country depends upon the number of tertiary sector.Tertiary sector can improve the overall country's economy
- The tertiary sector is the world's largest sector,as Mostly people engaged in this sector.
- Mostly people are engaged in this sector so ,a lot of income come from this sector to the people,If more income come then demand for food production,tourism and other will also increase.
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Answer:
the sector of an economy concerned with or relating to tertiary industry.
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