Question

Explain the importance of the service sector.

Answer 1

Dear student,

The following points might illustrate the importance of service sector in economy:-

1- The tertiary sector provides the basic services like public transportation, medical care, electricity, banking, post office etc under the control of the government.

2- The tertiary sector creates a huge area for employment even for uneducated and unskilled workers.

3- The tertiary sector distributes the consumer goods to different suppliers

4- The tertiary sector accounts for most of the national income and per capita income.

Regards