Question

why are service sector activities becoming important ?​

Answer 1

$\huge{\bold{\underline{ANSWER:-}}}$

• Service sector is a symbol of modernisation

• The primary sector , secondary sector and tertiary sectors account for 25% , 24% and 51% of the GDP

• Income and employment growth depends on the service sector

• The higher , the productivity in primary and secondary sectors , the lower the employment in these sectors

• People need more services rather than physical goods for better quality of life

• Hence , service activities are becoming more important for globalisation and rapid economic development

Answer 2

Answer:

The service sector makes an important contribution to GDP in most countries, providing jobs, inputs and public services for the economy. Trade in services can improve economic performance and provide a range of traditional and new export opportunities.

Explanation: