Question: Why Tertiary Sector Is Rising?

What is the example of tertiary sector?

It is made of: the market services sector (trade, transports, financial operations, business services, personal services, accommodation and food service activities, real estate, information-communication); the non-market sector (public administration, education, human health, social work activities)..

What are examples of tertiary industry?

Examples of tertiary industries may include:Telecommunication.Hospitality industry/tourism.Mass media.Healthcare/hospitals.Public health.Pharmacy.Information technology.Waste disposal.More items…

Why has the tertiary sector not grown in importance?

The entire tertiary sector has not grown in importance because of the following reasons: Peculiarity of skills in the tertiary sector: Highly-educated and skilled professionals only are able to get employment. Other engage themselves in low-paid jobs. … Lowpaid jobs do not attract employment.

What is the role of tertiary sector?

The tertiary industry is the services sector of an economy, encompassing medical providers, educators, financial services, haircuts, and personal trainers, among many others. The tertiary sector can be subdivided broadly into for-profit and nonprofit segments.

What is tertiary sector class 10th?

Tertiary Sector: These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. Four economic activities of this sector are— banking, transport, storage, communication, etc.

Why has the entire tertiary sector not grown in importance 1mark?

The entire tertiary sector has not grown in importance because of the peculiarity of the skills and income it entails. … Though the highly skilled professionals make rapid growth in terms of development and income, those at the lower end are barely able to make a living.

Which part of the tertiary sector is growing in importance and which part is less productive?

Only a small section of service sector employees high-skilled and educated workers. This part of tertiary sector is gaining more importance. 2. On the other hand as large number of small service sectors are booming which employs a large number of workers such as shopkeeper repair person etc.

Which sector is called the service sector?

The service sector, also known as the tertiary sector, is the third tier in the three sector economy. Instead of the product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.

Why tertiary sector is important in economy?

i) The tertiary sector provides the basic services like public transportation, medical car, electricity ,banking, post office etc under the control of the govt. ii) The tertiary sector creates an huge area for employment even for uneducated and unskilled workers.

Why is tertiary sector is known as service sector?

Tertiary sector is termed as service sector because tertiary sector provides support service to primary and secondary sector.

What are the advantages of tertiary sector?

Lower Startup Costs One of the main advantages of the tertiary sector is that it has a much lower barrier to entry than starting a business that deals with physical products. For example, opening a manufacturing or retail business requires a large outlay of money that may take years to recoup.

What are the disadvantages of tertiary sector?

Long-term problems include inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits.

What are the features of tertiary sector?

Explain any five features of tertiary sectorTertiary activities provide support to the primary and secondary sectors through services. … It do not produce goods while other two sectors perform production.tertiary sector includes new services based on information technology but other two sectors do not.It act as aid or help for production process.