Question

Why is tertary sector become an important sector

Answer 1

(1) Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government in developing countries.
(2) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors.
(3) 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.

Answer 2

Tertary sector become an important sector In following ways: -

1. Basic services like Hospital, education ,post and Telegraph etc are the responsibility of the government in developing countries.

2. Demand for services such as transport, trade ,storage will increase with the development of primary and secondary sector.

3. Demand for tourism, shopping ,private schools, private hospitals etc increases with the increase in the level of income.

4. Rapid growth of services sector also benefitted from external demand such as Software Industry and call centres.

5. Liberalisation of financial sector provided an environment for faster growth of financial services.