Tertiary sector has become the most important in terms of total production. Reason (R)- Production in the service sector rose by more than 14 times, employment in the service sector rose around five times.
Answers
The importance of the Tertiary sector is rising because of the following reasons.
The importance of the Tertiary sector is rising because of the following reasons.(i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. which are basic for the development of the country.
The importance of the Tertiary sector is rising because of the following reasons.(i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. which are basic for the development of the country.(i) This sector provides services such as transport, trade, storage etc. which help in the development of the agriculture or the Primary sector and the industries or the Secondary sector.
The importance of the Tertiary sector is rising because of the following reasons.(i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. which are basic for the development of the country.(i) This sector provides services such as transport, trade, storage etc. which help in the development of the agriculture or the Primary sector and the industries or the Secondary sector. (iii) Increasing income level has created demands for many more services like eating out, tourism, shopping, private hospitals. private schools etc.
The importance of the Tertiary sector is rising because of the following reasons.(i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. which are basic for the development of the country.(i) This sector provides services such as transport, trade, storage etc. which help in the development of the agriculture or the Primary sector and the industries or the Secondary sector. (iii) Increasing income level has created demands for many more services like eating out, tourism, shopping, private hospitals. private schools etc.(iv) Over the last decade, or so, certain new services such as those based on information and communication technology have become important and essential.
The importance of the Tertiary sector is rising because of the following reasons.(i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. which are basic for the development of the country.(i) This sector provides services such as transport, trade, storage etc. which help in the development of the agriculture or the Primary sector and the industries or the Secondary sector. (iii) Increasing income level has created demands for many more services like eating out, tourism, shopping, private hospitals. private schools etc.(iv) Over the last decade, or so, certain new services such as those based on information and communication technology have become important and essential. (v) The production of these services has been rising rapidly.
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