What is Service Sector and its featur
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1) Service sector also known tertiary sector.service sector consists of the production of services instead of in products and include pharmacy mass media tourism telecommunications etc....
5)As more and more people are being employed to provide the basic services to the people share of the tertiary sector in the GDR is increasing.
Features of service sector
. lack of overship
. Intangibility
. Insepirability
. Variability
. parishability
. User participation
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Explanation:
- The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector. The service sector consists of the production of services instead of end products.
- Services are unique and four characteristics separate them from goods, namely intangibility, variability, inseparability, and perishability.
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