explain the functions of tertiary sector
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explain the functions of tertiary sector
explain the functions of tertiary sector
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1. Several Services such as Hospitals, Educational Institutions, Post and Telegraph Services, Police Stations, Municipal Corporations, Defence, Transport, Banks Insurance, Companies extra are required these needs are fulfilled by the store Shri sector as basic services.
2. The development of Agriculture and Industry leads to the development of service such as transport trade storage etc.
3. As income levels rise certain sections of people start demanding many more services like Eating Out, Tourism, Shopping Private, Hospitals, Schools, and professional training institutes these needs are also fulfilled by this sector.
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***the tertiary sector of the economy is expanding at a faster rate.
***Trade as a service sector activities facilitates the exchange of the goods and services between producers and consumers.
***It is one of the three sectors of the economy.
***activities which people offer their knowledge and time to improve productivity, performance, potential and sustainability and also known as advice, experience and discussion include the service sector.
***Finance as a service sector activity plays an important role in undertaking any economic activities.
***Service sector involves of activities beginning from the production of goods and service until it reaches to the consumer.
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