Reasons for growth of the tertiary sector. 1. Improved labour productivity. Better technology and improved labour productivity have enabled a higher output of manufactured goods and agriculture with less labour.
What is the growing importance of tertiary sector?
Tertiary sector has become important in India because : (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. (iii) Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in the level of income.
What does tertiary activity include?
Tertiary activity consists of all occupations of service. Significant examples of tertiary activities include transport, networking, commerce, health, education and administration.
How does development of primary and secondary sector is responsible for development of tertiary sector?
After primary and secondary sectors there is a third sector called the service sector also known as tertiary sector. Since these activities generate services rather than goods they promote primary and secondary sectors by providing expertise finance transportation advertisement etc.
Which of the following is an example of tertiary activity?
Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities help in the development of the primary and secondary sectors.
What are factors responsible for the growth of tertiary sector?
Factors responsible for the growth of tertiary sector. 1. Basic Services : In any country several services such as hospitals, schools, post and telegraph, police station, courts, insurance, defense, transport, banks etc are required. These can be considered as basic services.
Which is an important component of tertiary activities?
Manpower is an important component of the service sector as most of the tertiary activities are per for med by skilled labour , pr ofessionally trained experts and consultants. In the initial stages of economic development, larger proportion of people worked in the primary sector.
Which is more important tertiary or quaternary sector?
The tertiary sector grows in importance with economic development – it generates employment and economic wealth. The quaternary sector is only found in the most economically advanced countries – it is largely about information and communication and makes use of the latest technology.
Why is the tertiary sector growing in India?
Due to change of economic policies tertiary sector is growing in India. Basic amenities like education, health care services related with Information Technology, ATM booths, call centres etc. provides employment to educated Indians. (ii) The share of tertiary sectors in GDP is growing day by day.
