Question

Which of the following phenomenon is behind the expansion of the service sector?

• A. Improvement in the general well-being of people
• B. Improvement in government infrastructure
• C. Establishment of special economic zones
• D. Increase in foreign direct investments

Answer 1

The correct option is A Improvement in the general well-being of people

There is a substantial increase in jobs in the financial sector, followed by the community, social, and personal services sectors. This increase can be attributed to the improvement in the general well-being of people. When people have better income, they tend to spend more on entertainment, education, eating out, tourism, and other services. This improves the demand for such services and in turn, increases job opportunities.