Economy, asked by kunj72, 1 year ago

how service sector promotes more in gdp

Answers

Answered by PranavMudgal
2
Hey dear friend,

In the last few years, we observed that all the three sectors promotes in GDP,but service sector promotes more in GDP. As a result , service sector emerged as the largest sector of production by replacing primary sector.
The contribution of service sector in GDP accounts to more than 55%. It promotes more in GDP by giving transportation warehousing, communication and trading facilities to the people. The provide services instead of producing goods. Teachers ,doctors, accountants, cobblers,hair dressers and advocates are included in service sector. They provide services to all people and contribute more in GDP than primary and secondary sector.

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