Question

why is it teritiary sector called service sector ?why it's importance increasing day by day?​

Answer 1

Because the product of the sector is service such as hospitality, medical care, travel, banking and so on unlike the secondary sector products like essential goods, consumption goods, machinery or primary sector products like food and crafts.

Tertiary sector has become important in India because :

(i) Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government in developing countries.

(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.

(iv) Rapid growth of services sector also benefitted from external demand such as software industry and call centre services.

(v) Liberalisation of financial sector provided an environment for faster growth of financial services.

Hope this helps.....

Answer 2

Hey Mate!!

✒✒✒✒✒✒✒✒✒✒✒✒✒✒

✨It is called as service sector because it do not produce any goods but instead transport goods.

✒✒✒✒✒✒✒✒✒✒✒✒✒✒

INCREASING IMPORTANCE

• It provides more employment opportunities.
• It provides different fields for jobs.
• It includes IT, transport etc..
• It helps in the development and contributes majority of GDP.

______________________Aami❤✨

${\red{\huge{THANKS}}}$