What are the reasons tertiary sector give more employment in compariso...
Reasons for the Tertiary Sector Giving More Employment
The tertiary sector, also known as the service sector, has been growing at a rapid pace in recent years. It includes all types of services such as banking, insurance, transport, communication, trade, tourism, health, education, and entertainment. Here are some reasons why the tertiary sector provides more employment compared to other sectors:
1. Labor-Intensive Nature
The tertiary sector is labor-intensive in nature, meaning it requires more workers to provide services to consumers. The service sector relies on human interaction, which cannot be replaced by machines or automation. This leads to the creation of more jobs and employment opportunities.
2. Increasing Demand for Services
The demand for services has been increasing due to the rise in income levels and urbanization. People are willing to spend more on services such as healthcare, education, and entertainment. This has led to the growth of the service sector, creating more job opportunities.
3. Higher Productivity Levels
The service sector has higher productivity levels compared to other sectors such as agriculture and manufacturing. This means that a single worker can provide more services to a larger number of consumers. This results in higher profits for the service providers, leading to the creation of more jobs.
4. Technological Advancements
Technological advancements have made it easier to provide services to consumers. For example, the internet has made it possible for people to access services such as banking and shopping from the comfort of their homes. This has led to the growth of e-commerce and online services, creating more job opportunities in the service sector.
5. Globalization
Globalization has opened up new markets and created opportunities for service providers to expand their businesses. Many companies have outsourced their services to other countries, creating job opportunities in the service sector. This has also led to the growth of international trade, creating more job opportunities in the service sector.
In conclusion, the tertiary sector provides more employment opportunities due to its labor-intensive nature, increasing demand for services, higher productivity levels, technological advancements, and globalization. This sector will continue to grow in the future, creating more job opportunities for people.