why do most of the governments establish the tertiary sector?
Answers
Tertiary sector has become important in India because :
(ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. (iii) Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in the level of income.
Explanation:
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Economics
Sectors of the Indian Economy
Sectors of the Indian Economy
Which of the following reas...
ECONOMICS
Which of the following reasons are responsible for making the tertiary sector important in India?
December 20, 2019avatar
Khan Tiwari
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ANSWER
Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government.
Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors.
Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in level of income.
Rapid growth of services sector also benefited from external demand such as software industry and call centre services.
Liberalisation of financial sector provided an environment for faster growth of financial services.