ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Research and development
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Tourism
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Steel Industry
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Retail
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App creation
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Detailed explanation-1: -The tertiary sector of the economy revolves around service and retail. Tertiary sector activity includes retail sales, commercial transportation, healthcare, and real estate. The primary sector (natural resource collection) and secondary sector (manufacturing) feed into, and enable, the tertiary sector.
Detailed explanation-2: -The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.
Detailed explanation-3: -Tertiary sector: Companies that provide services such as entertainment, financial, and retailers.
Detailed explanation-4: -Retail Industry as a part of Indian Service Sector contributes about 14-15% GDP in the growth of Economy.