Identify the sector: • It provides various things needed by the society as a whole which the private sector will not provide at a reasonable price. • The purpose of this sector is not just to earn profits but to social service also. • It creates employment opportunities through creation and expansion of infrastructure • It controls private monopolies. (a) Public Sector (b) Tertiary sector (c) Primary Sector (d) Private Sector
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Answer:
TERTIARY SECTOR/SERVICE SECTOR
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(b) Tertiary sector provides various things needed by society, it creates employment opportunities and many other things.
Explanation:
- The tertiary sector is also known as the service sector.
- It provides a variety of services to society ranging from commerce to administration.
- For example transportation, banking services, communication, and many other different jobs.
- This sector creates huge employment opportunities for people in society.
- It mainly serves people irrespective of the profit being earned.
- Other sectors such as public and private sectors are government and privately run institutions respectively.
- The primary sector refers to that sector that mainly deals in providing the raw material to the manufacturing sectors.
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