Explain the cause of rising importance of tertiary sector?

Question

Answer

The tertiary sector is responsible to distribute its services and goods to different consumers. Tertiary sectorhas become important in India because :  Demand for servicessuch as transport, trade, storage will increase with the development ofprimary and secondary sectors.

Answer

Answer :

1). Tertiory sector composes almost 50% of indian economy.
2). This sector accounts for most of the national and PCI.
3). It creates huge employment even for the uneducated and unskilled workers.
4). It is responsible to distribute its service and good to different consumers.
5). The need for tertiary is increasing as there is more need of services like financial institution, educational institutional etc. in economy.

Answer

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.

HOPE ITS HELPFULL :) :)

Answer

The Rising Importance of Tertiary Sector

The tertiary sector of the economy, also known as the service sector, has been growing in importance in recent years. This sector includes businesses that provide intangible goods and services to consumers, such as healthcare, education, entertainment, and retail.

Shift in Consumption Patterns

One of the main reasons for the growth of the tertiary sector is the shift in consumption patterns of consumers. As income levels rise, people tend to spend more on services, such as dining out, traveling, and entertainment, rather than on goods. This has led to an increase in demand for services, which has, in turn, led to the growth of the tertiary sector.

Technological Advancements

Another factor contributing to the growth of the tertiary sector is technological advancements. The development of new technologies, such as the internet, has made it easier for service providers to reach a larger audience and offer their services online. This has led to the creation of new businesses and jobs in the service sector.

Globalization

The process of globalization has also contributed to the growth of the tertiary sector. As businesses expand globally, they require more services to support their operations, such as logistics, marketing, and financial services. This has led to an increase in demand for services, which has, in turn, led to the growth of the tertiary sector.

Conclusion

In conclusion, the rising importance of the tertiary sector can be attributed to a shift in consumption patterns, technological advancements, and globalization. As the world becomes more connected and consumers become more affluent, the demand for services is likely to continue to grow, making the tertiary sector an increasingly important part of the global economy.

Answer

Tertiary sector has replaced the primary sector as largest producing sector.

The reason for this are
1.Demands for basic services likes Hospital, educational institutions ,postal Services, police station ,banks, insurance companies administrative officers ,defence etc have increased.

2. Greater development in primary and secondary sector has included demand for service sector growth like transport, trade ,storage etc.

3. With the rise in income ,certain services are demanded like tourism ,shopping ,private hospitals ,professional training ,etc.Which enhanced service sector.

4. Due to globalisation, certain your services have entered India market like Information Technology communication technology which have become important and essential...

However ,not all the services sector is growing equally. Services that employ highly skilled and educated people are growing. But large part of service sector that employs small shopkeepers, repair persons, transport person is not growing efficiently.....

Answer

= Demands for basic service like hospitals , education, institution, postal services, police, banks etc. have increased.

=The great demand of service sector growth like transport, trade, storage etc.

=With the rise in income and better standard of living like tourism, shopping, private hospital etc was enhanced service sector.

=In a service sector small section of employees high skilled and educated workers.

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