Question

Which of the following is the correct statement ?

Statement 1 : Service activities don’t directly produce any good.

Statement 2 : Services are required in production and other services for

people.

(A) Both the statements are correct

(B) Both the statements are wrong

(C) Both statements are correct and statement 2 is the correct explanation

for 1

(D) Statement 1 is correct but statement 2 is wrong​

Answer 1

Answer:

A)Both the statements are correct

Answer 2

(C) Both statements are correct and statement 2 is the correct explanation for 1

Explanation:

• Third of the 3 traditional economic sectors, the services sector, is also known as the tertiary sector. The service sector is a vital part of the economy
• Instead of manufacturing goods, the service sector offers services. The service sector is the production of services rather than end products. Services to other businesses & to final consumers are part of the service sector. This sector contributes to the growth of the primary and secondary sectors
• The service sector comprise retail, hotels, banks, education, real estate healthcare, computer services, social work, media, recreation, electricity, communications, gas & water supply