Question

What are the reasons for rising importance of tertiary sector?

Answer 1

Tertiary Sector is also called Service Sector.
In today's era of globalisation and fast means of transport and communication the tertiary sector stands to provide services for speedy disposal of things and activities.
For example- a speedy transfer of money by bank or fast loan sanction can help in the development of economy as well as the better use of time and energy.

Answer 2

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• In any country several services such as hospitals, school etc are required. These can be considered as basic services. In a developing country the government has to take rest for the provision of these services.

• The development of primary and secondary sector leads to the development of tertiary sector.

• As income level rises, people start demanding many more services.

• Services such as it have became important and essential. The production of these services has been rising rapidly.

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