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| 1. |
explain why service sector is getting more importance in the global economy |
| Answer» Service sector is gaining more importance in the global economy because of the following reasons-1.- Service sector is gaining more importance because demand for basic services increases in the global economy.2.- Development in service sector led to the increase in the importancy of service sector in global economy.3.- Rise in income level also lead to the increase in the service sector.4.- Growth of informational and communication technology lead to the increase in the service sector.5.- As tertiary sector or service sector provides variety of goods show in the global economy its importancy increases.6.- The service sector led to the increase in the literacy rate on knowledge among the workers working in it.Conclusion- Hence, service sectors giving more importance in global economy than the primary or secondary sector. | |