Primary industries or sectors are concerned with extracting and acquiring raw materials, secondary industries revolve around manufacturing products from raw materials and tertiary industries focus on services that support primary and secondary industries these sectors form the basis of economies of. The tertiary sector is focused on tertiary production, which is commercial services that work to provide support to distribution and production processes such as warehousing, transport services, insurance services, teaching, health care and advertising services in the industrial world, there are. Rising importance of the tertiary sector over the past 30 years, while production has increased in all the 3 sectors , it has increased the most in the tertiary sector the reasons for the fast development of the tertiary sector in india are as follows:.
Tertiary sector is the most important sector from india’s perspective since it constitutes around 50%of indian gdp. Tertiary sector has become important in india because : (i) basic services like hospitals, education, post and telegraph, courts, etc are the responsibility of the government in developing countries (ii) demand for ser.
Tertiary – service sector of the economy definition – the service sector is comprised of firms offering ‘intangible goods’ such as entertainment, retail, insurance, tourism and banking the service sector will make use of manufactured goods, but there is an additional component of offering a service to customers. The tertiary sector of industry involves the provision of services to other businesses as well as final consumers services may involve the transport , distribution and sale of goods from producer to a consumer, as may happen in wholesaling and retailing , pest control or entertainment. 6 reasons to elevate the importance of tertiary education in emergencies 3 october 2015 without an effective higher education sector, without equality of educational opportunity quality tertiary teacher training improves the quality of teachers available to teach in both primary and secondary school classrooms,.
Importance of the 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. The tertiary sector includes service industry and it holds the highest importance among all sectors the tertiary sector of economy involves the provision of services to business as well as final consumers.
Rising importance of the tertiary sector over the past 30 years, while production has increased in all the 3 sectors , it has increased the most in the tertiary sector the reasons for the fast development of the tertiary sector in india are as follows:- the necessity for ‘basic services’ like hospitals, educational institutions, post and telegraph services, police stations, courts.
The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining. First of all, secondary sector is the firm that manufacture and process products from natural resources the importance of secondary sector are: increase total national output expand the manufacturing business support to tertiary sector government. The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory the others are the secondary sector (approximately the same as manufacturing ), and the primary sector ( raw materials .
What is the importance of the tertiary sector help in the indian economy how is the tertiary sector important for development of other sectors of economy what is the importance of the tertiary sector to the economy.
Tertiary sector has become important in india because : (i) basic services like hospitals, education, post and telegraph, courts, etc are the responsibility of the government in developing countries.