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Define service sector....

Define service sector.

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The service sector is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector. The service sector consists of the production of services instead of end products. Services include attention, advice, access, experience, and affective labor.
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Employment in the service sector. ......increased to the same extent as production (has/has not).

What is the latest development in service sector ? What are the common services covered under it ?

Knowledge Check

  • Employment in the service sector has not ............................ to the same extent as production.

    A
    decreased
    B
    increased
    C
    equal
    D
    None of these

  • Employment in the service sector has not ________to the same extent as production.

    A
    Equal
    B
    Increased
    C
    Parallel
    D
    Decreased

  • Assertion (A): The development of agriculture and industry leads to the development of service sector. Reason (R) : As the primary and secondary sectors develops, the demand for transport, storage structures, banks, insurance, etc., increases.

    A
    Both A and R are true and R is the correct explanation of A.
    B
    Both A and R are true but R is NOT the correct explanation of A.
    C
    A is true but R is false
    D
    A is false and R is true

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    Explain the importance of the service sector.

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    Explain the importance of the service sector.

    In this question below is given a statement followed by three assumption numbered I II and III. you have to considered the statement and the following assumptions decide which of the assumptions is implicit in the statement and choose your answer accordingly. Statement: In the recently held all indian commerce conference the session on management of service sector in india surprisingly attracted large number of participants and also received a very good media coverage in the leading newspapers. Assumption I. People were not expecting such an encouraging response for service sector. II. Service sector is not managed properly in India. III. Media is always very positive towards service sector. (a) None is implicit. (b) Only I is implicit. [c] All are implicit (d) Only II and III are implicit. (e) Only either II or III are implicit.

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