Question

Given five reason for the rising importance of the tertiary sector in production​

Answer 1

Question:

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Give five reason for the rising importance of the tertiary sector in production.

Answer:

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Five reasons for the rising importance of the tertiary sector in production are:

• Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government in developing countries.
• Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors.
• Over the last decade, or so, certain new services such as those based on information and communication technology have become important and essential.
• The production of these services has been rising rapidly.
• Rapid growth of services sector also benefitted from external demand such as software industry and call centre services.

Answer 2

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