In the question given below, there are two statements marked as Asser...
The tertiary sector of activities includes those activities which gains profit by servicing the needs of the people.
It includes activities like: - Teaching: A service which is provided by Teacher.
- Washing: A service which is provided by Washer man.
- Curing disease: A service which is provided by doctor.
- Construction: A service which is provided by the masons, Engineers, etc.
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In the question given below, there are two statements marked as Asser...
Assertion (A): Tertiary sector is also called the service sector.
Reason (R): Tertiary activities generate services rather than goods.
The correct answer is option A, which states that both (A) and (R) are true, and (R) is the correct explanation of (A).
Explanation:
Introduction: The economy of any country can be divided into three sectors - primary sector, secondary sector, and tertiary sector. The primary sector involves the extraction of natural resources, such as agriculture, mining, fishing, etc. The secondary sector involves the manufacturing and processing of raw materials, such as industries and factories. The tertiary sector involves the provision of services to the consumers, such as banking, transportation, healthcare, tourism, etc.
Assertion (A): Tertiary sector is also called the service sector.
Explanation: The tertiary sector is commonly referred to as the service sector because it primarily generates and provides services to the public. These services include banking, insurance, transportation, communication, healthcare, education, entertainment, tourism, hospitality, etc. The main focus of the tertiary sector is to cater to the needs and demands of the consumers by providing various services. Hence, Assertion (A) is true.
Reason (R): Tertiary activities generate services rather than goods.
Explanation: The reason provided is the correct explanation of Assertion (A). Tertiary activities are characterized by the production and delivery of services rather than physical goods. Unlike the primary and secondary sectors that produce tangible products, the tertiary sector is mainly concerned with intangible services. These services are non-material in nature and include activities like banking, transportation, communication, healthcare, education, tourism, etc. Therefore, Reason (R) is true.
Conclusion: Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A). The tertiary sector is indeed known as the service sector because it generates and provides services to the public rather than producing physical goods.
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