Question

Growth of Service Sector in modern economies plays a vital role. Derive it's

implications for such economies.​

Answer 1

Answer:

Eʟʟᴏ❣️❣️

Its growth rate is found to be higher than growth of overall GDP. Rising share of this sector in GDP over covers the poor performance of agriculture sector. ... Thus, service sector which is dominant in terms of its growth & shares serves as an engine of growth for Indian economy

Answer 2

Answer:

service sector in modern economic play a vital role because it provide job to the unemployment people. it is also called tertiary sector. it convert the chief goods into valuable products due to which the price is also increase.it also help to increase the GDP of the country. we need to develop the service sector more and more because it is very important as you see in your present time or in our daily life.

hope you like my answer