What is tertiary sector explain the importance of tertiary sector in economy (any three points)
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Tertiary sector is the sector of an economy concerned with or relating to tertiary industry.
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.
(ii) The share of tertiary sectors in GDP is growing day by day.(iii) Increasing income level has created demands for many more services like eating out, tourism, shopping, private hospitals. private schools etc.
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