What is the main role of the tertiary sector?a)Extracting natural reso...
The main role of the tertiary sector is to provide services that support both the primary and secondary sectors. This includes activities such as transportation, banking, and repair services. For example, a truck driver transporting goods or a technician repairing a phone are both part of the tertiary sector.
What is the main role of the tertiary sector?a)Extracting natural reso...
Understanding the Tertiary Sector
The tertiary sector is crucial in the economy as it focuses on providing services rather than producing goods. Here’s a detailed explanation of its main role:
Services Provided
- The tertiary sector encompasses a wide range of services that support both individuals and businesses.
- It includes sectors such as healthcare, education, finance, hospitality, and transportation.
- These services contribute significantly to improving the quality of life and enhancing economic productivity.
Support for Other Sectors
- The tertiary sector serves as a backbone for the primary (agriculture, mining) and secondary (manufacturing) sectors.
- By providing essential services, it enables these sectors to operate efficiently.
- For example, transportation services allow raw materials to reach manufacturers, while financial services help businesses manage their capital.
Job Creation
- The tertiary sector is a major source of employment, accommodating a diverse range of skills and professions.
- It offers job opportunities in various fields, from customer service to advanced professional roles like doctors and engineers.
Economic Contribution
- This sector contributes significantly to a country’s GDP, often more than the primary and secondary sectors combined.
- As economies develop, the tertiary sector tends to grow, reflecting a shift from agriculture and manufacturing towards service-oriented activities.
Conclusion
In summary, the tertiary sector plays a vital role in the economy by providing essential services that support other sectors, enhance productivity, create jobs, and contribute to overall economic growth. It is essential in shaping a well-rounded and functional economy.
To make sure you are not studying endlessly, EduRev has designed Class 6 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 6.