Question

What are the factors responsible for the growth of tertiary sector ?

Answer 1

The major factor are :-
1 ) development of means of transport and communications due to globalization.
2 ). development of banking insurance sector due to the policy of privatization..
3 ) Expenditure on the development of infrastructure...
4 ) investment in different service sector due to indigenous and foreign institutional investment....
5 ) Rapid industrialization.....
6 ) Development of agricultural due to green revolution......
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Answer 2

Explanation:

The major factors responsible for high growth of the service sector are as under :

(i) Development of means of transport and com-munication due to globalization.

(ii) Development of banking and insurance sector

due to the policy of privatization.

(iii) Expenditure on the development of infrastructure.

(iv) Investment in different service sectors due to

indigenous and foreign institutional investment.

(v) Rapid industrialisation.

(vi) Development of agriculture due to Green Revolution

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