Answer:
The
importance of the tertiary sector is rising because the production has
increased the must in this sector because of the following reasons
(i)
This sector provides basic services such as hospitals, educational institutions
post and telegraph services, police stations, courts, municipal corporations,
defence, banks, insurance, etc which are basic for the development of the
country.
(ii)
This sector provides services such as transport, trade, storage, etc, which
help in the development of the agriculture or the primary sector and the
industries or the secondary sector.
(iii)
Increasing income level has created demands for many more services like eating
out, tourism, shopping, private hospitals, private schools, etc.
(iv)
Over the last decade, or so, certain new services such as those based on
information and communication technology have become important and essential.
The production of these services has been rising rapidly. (5)
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