ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The service sector has become the most important in terms of total production. Most of the working people are also employed in the service sector. This is the general pattern observed in developed countries shift from secondary to tertiary sector.

Detailed explanation-2: -Number of employees in major sectors India FY 2021 India’s agriculture sector emerged as the leading industry in terms of employment in financial year 2021 with the number of employees tallying nearly 152 million.

Detailed explanation-3: -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-4: -The tertiary industry sector makes up the vast majority of employment opportunities and is solely focused on providing services, not goods, to consumers and other organizations. For this reason, it is also known as the service sector.