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Which sector is known a service sector
- a)Secondary sector
- b)Primary sector
- c)Tertiary sector
- d)None
Correct answer is option 'C'. Can you explain this answer?
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Which sector is known a service sectora)Secondary sectorb)Primary sect...
Service Sector
The service sector, also known as the tertiary sector, is the sector of the economy that provides services rather than producing goods. It encompasses a wide range of industries and activities that involve providing various services to consumers and businesses.
Characteristics of the Service Sector:
- Intangible: Services are intangible and cannot be touched or felt.
- Produced and consumed simultaneously: Services are usually produced and consumed at the same time.
- Customer-oriented: The focus is on meeting customer needs and providing satisfaction.
- High degree of customer interaction: Services often require direct interaction between service providers and customers.
- Varied industries: The service sector includes industries such as healthcare, education, banking, hospitality, transportation, and many more.
Comparison with Other Sectors:
- Primary Sector: The primary sector involves the extraction of natural resources, such as agriculture, mining, and fishing. It is the sector that directly uses natural resources for production.
- Secondary Sector: The secondary sector involves the manufacturing and construction industries. It is responsible for transforming raw materials from the primary sector into finished goods.
- Tertiary Sector: The tertiary sector, or service sector, focuses on providing services to consumers and businesses. It does not involve direct extraction or manufacturing of goods.
Answer: C. Tertiary sector
The service sector plays a crucial role in modern economies, contributing significantly to economic growth and employment opportunities. It is driven by the increasing demand for various services in a society that values convenience, quality, and personalized experiences.
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Which sector is known a service sectora)Secondary sectorb)Primary sectorc)Tertiary sectord)NoneCorrect answer is option 'C'. Can you explain this answer?
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