Explain the two types of services within the tertiary sector
Dear Student,
Service sector can be considered as the lifeline for other two sectors of the Indian economy as they they help in the functioning of both primary and secondary sectors. Services like banking, transportation, insurance are required for the successful functioning of other two sectors.
a. The importance and contribution of service sector has grown significantly because of increased demands of services which it provides like banking,education, transportation, medical which are considered as basic essential service.
b. We may give example of transportation service which has rather helped in tapping interiors of the country. It has also helped in generating greater connectivity. It has expanded trade all across the country.
c. Further, we may also elaborate on the importance of an education sector and the teaching faculty. It is rather considered as the backbone of society. It has helped in enhancing the education standards of our country, thereby contributing towards a literate , skilled human resource.
Regards
Service sector can be considered as the lifeline for other two sectors of the Indian economy as they they help in the functioning of both primary and secondary sectors. Services like banking, transportation, insurance are required for the successful functioning of other two sectors.
a. The importance and contribution of service sector has grown significantly because of increased demands of services which it provides like banking,education, transportation, medical which are considered as basic essential service.
b. We may give example of transportation service which has rather helped in tapping interiors of the country. It has also helped in generating greater connectivity. It has expanded trade all across the country.
c. Further, we may also elaborate on the importance of an education sector and the teaching faculty. It is rather considered as the backbone of society. It has helped in enhancing the education standards of our country, thereby contributing towards a literate , skilled human resource.
Regards