explain why service sector is getting …

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.