Give Five Reasons for the Rising Importance of the Tertiary Sector in Production.

Five reasons for the rising importance of the tertiary sector in production are:

1. Rise in the basic services provided by the government.
2. The development in the primary and secondary sectors has led to the development of the tertiary sector.
3. Due to the rise in income people have started spending on the various kinds of services.
4. Due to the development of new kinds of services like IT sector services.
5. Due to the introduction of the new economic policy liberalisation, privatisation and globalisation, the trade expanded all over the world and the role of service sector became significant.