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Tertiary and Quaternary Activities
Question
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What are the major components of services? Describe.

Answer

Followings are the major components of services:

(i) Business services including advertising, legal services, public relations and consultancies.

(ii) Finance, insurance and real estate including saving and banking services.

(iii) Wholesale and retail trading linking the producers with consumers. Personal services such as maintenance services, beauticians and repair works.

(iv) Transport and communication including post and telegraph services. Entertainment including television, radio, films and publishing.

(v) Government services including bureaucrats, police, army etc.  Non-government agencies set up for charity, education, health care, rural development etc.

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Some More Questions From Tertiary and Quaternary Activities Chapter

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Explain retail trading service.

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