Question

Service sector helps in the economic development of a country.Explain

Answer 1

Service sector helps in the economic development of a country .

$\bigstar$ Service sector is one of the three important factors of economic activities of India it includes activities that do not directly produce a good but provide services that are required for production and other services of people where is primary and secondary sector involve production of goods directly from natural resources and tools and machines respectively .

Example:-

➡️Once Upon A Time post offices were Limited their services to deliver latest money order Telegram access but nowadays post offices are extending their services to act as Bank deposit money providing insurance services parcel services even there going have pension account like banks .

➡️Just 10 years back it was very difficult to have a land telephone connection to get connection people go had to wait years together but due to the revolution in telecom people are getting cell phone SIM cards within minutes .

By this example we can understand the importance of service sector and how is expanding its way over the other two sectors .

Answer 2

Service sector provides finance, marketing, transport, insurance for the development of agriculture sector. The expansion of service sector activities boost the secondary sector activities as well. Service sector can play a major roll in reducing inequalities in the distribution of income in the economy.

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