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What is the role and significance …

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What is the role and significance of good and service in an economy?
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Meghna Thapar 5 years, 2 months ago

In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it. Market-based economies tend to allow goods to flow freely through the market, according to supply and demand. Service sector provides finance, marketing, transport, insurance for the development of the agriculture sector. So that the service sector can provide employment opportunity with minimum capital investment. Service sector can play a major role in reducing inequalities in the distribution of income in the economy.

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