How is tertiary sector important in the development of a country?
Answers
Answer:
Heyy.......
tertiary sector means basically
service sector and when this sector
does well then it produces an
efficient logistical bridge between
the primary and the secondary
sector.
Services sector involves transport,
distribution and sale of goods
from producer to a consumer, as
may happen in wholesaling and
retailing. The goods may be
transformed in the process of
providing the service, as happens
in the farm to platter chain.All these produces an efficient
value proposition for primary and
secondary sector.
Apart from this the growth of
tertiary sector also is good for the
government coffers. As this sector
adds onto the financial strength of
the government in the means of
increase tax collection for the
State. With increase financial
muscle the government is in
better condition to make capital
investment for infrastructure and
other development in the country.
It also adds onto the employment
economy.
generation capacity of the economy.
Tertiary sector also produces
maximum number of employment
with the per capita investment
when compared to the primary
and the tertiary sector. This
feature of tertiary sector is like an
‘anchor' to the overall economy
and the socio-economic
dimension of that nation.
Not to forget, as an economy
matures it moves from the
primary sector to secondary and
then to tertiary sector. Now, there
is another sector after tertiary
relating to information and that is
called quaternary sector.
In economy everything is related
and value addition at one place
always shows into the whole
economy and thus into the other
areas of economy as well.
Thus, tertiary sector is certainly
important for the development of
other sectors in an economy.