Economics Chapter 6: Types of Services

We go to a doctor or a hospital for treatment.

They provide their services in exchange for payment.

Manpower

<p>It decreases</p> Signup and view all the answers

<p>processing of physical raw materials</p> Signup and view all the answers

<p>Production and exchange</p> Signup and view all the answers

<p>Tertiary activities involve the commercial output of services rather than the production of tangible goods.</p> Signup and view all the answers

<p>specialised skills, experience, and knowledge of the workers</p> Signup and view all the answers

<p>trade, transport, communication, and services</p> Signup and view all the answers

<p>buying and selling of items produced elsewhere</p> Signup and view all the answers

<p>places where all these works take place</p> Signup and view all the answers

<p>level of specialization and services offered</p> Signup and view all the answers

<p>markets organised at different temporal intervals</p> Signup and view all the answers

<p>sale of goods directly to the consumers</p> Signup and view all the answers

<p>street peddling, handcarts, trucks, door-to-door, mail-order, telephone, automatic vending machines, and internet</p> Signup and view all the answers

<p>to delegate responsibility and authority to departmental heads</p> Signup and view all the answers

<p>distance, in terms of time or cost</p> Signup and view all the answers

<p>to join places equal in terms of the time taken to reach them</p> Signup and view all the answers

<p>nodes and links</p> Signup and view all the answers

<p>extending credit to retail stores</p> Signup and view all the answers

<p>to physically carry people, materials, and manufactured goods from one location to another</p> Signup and view all the answers

<p>km distance or actual distance of route length, and time distance or the time taken to travel</p> Signup and view all the answers

<p>larger population size leads to greater demand for transport</p> Signup and view all the answers

<p>transport is also referred to as lines of communication</p> Signup and view all the answers

<p>it has revolutionised communications by increasing speed and reducing time</p> Signup and view all the answers

<p>it relays information of the earth and from space</p> Signup and view all the answers

<p>Low-order services such as grocery shops and laundries</p> Signup and view all the answers

<p>Physical labour</p> Signup and view all the answers

<p>Services such as transport, telecommunication, energy and water supply</p> Signup and view all the answers

<p>The market</p> Signup and view all the answers

<p>Unskilled workers who migrate from rural areas</p> Signup and view all the answers

<p>Mumbai's dabbawala (Tiffin) service</p> Signup and view all the answers

<p>Increasing</p> Signup and view all the answers

<p>250 million</p> Signup and view all the answers

<p>Warmer places around the Mediterranean Coast and the West Coast of India</p> Signup and view all the answers

<p>The Mediterranean climate offers consistently higher temperatures and long hours of sunshine</p> Signup and view all the answers

<p>to reduce costs and increase efficiency</p> Signup and view all the answers

<p>engineering and manufacturing jobs</p> Signup and view all the answers

<p>digital divide</p> Signup and view all the answers

<p>quaternary services are specialized and knowledge-based services, whereas tertiary services are more general and customer-facing</p> Signup and view all the answers

<p>they facilitate the exchange of goods and services, and enable economic growth and development</p> Signup and view all the answers

<p>the growing trend is medical tourism, and countries like India, Thailand, and Singapore are leading this trend</p> Signup and view all the answers

<p>An attractive environment, such as mountains, lakes, spectacular sea coasts, and landscapes not completely altered by man.</p> Signup and view all the answers

<p>History and art, culture and economy</p> Signup and view all the answers

<p>Home-stay</p> Signup and view all the answers

<p>55,000</p> Signup and view all the answers

<p>Rationalised 2023-24</p> Signup and view all the answers

<p>Collection, production, and dissemination of information, research, development, and specialized knowledge and technical skills</p> Signup and view all the answers

<p>Highest level of decision makers or policy makers, such as senior business executives, government officials, research scientists, etc.</p> Signup and view all the answers

<p>Medical tourism</p> Signup and view all the answers

<p>Comparative advantage</p> Signup and view all the answers

<p>Knowledge processing outsourcing (KPO)</p> Signup and view all the answers

<p>KPO is information-driven knowledge outsourcing, which enables companies to create additional business opportunities.</p> Signup and view all the answers

<p>The Quaternary Sector is a knowledge-based sector that has replaced most of the primary and secondary employment as the basis for economic growth in developed economies.</p> Signup and view all the answers

<p>Outsourcing involves giving work to an outside agency to improve efficiency and reduce costs, and it can be done both locally and overseas.</p> Signup and view all the answers

<p>The digital divide refers to the uneven distribution of opportunities emerging from ICT-based development across the globe, with developed countries surging forward and developing countries lagging behind.</p> Signup and view all the answers

<p>White-collar work refers to jobs that require a high degree of knowledge and skills, such as professionals in the IT, finance, and healthcare sectors.</p> Signup and view all the answers

<p>The Quaternary Sector provides most of the employment opportunities in developed economies, with over half of all workers engaged in knowledge-based services.</p> Signup and view all the answers

<p>Outsourcing involves giving work to an outside agency, while off-shoring involves transferring work to overseas locations.</p> Signup and view all the answers

<p>KPO enables companies to create additional business opportunities, which can lead to business growth and expansion.</p> Signup and view all the answers

<p>Blue-collar work refers to jobs that require manual labour, such as manufacturing, construction, and transportation.</p> Signup and view all the answers

<p>The digital divide can affect economic growth, as countries with limited access to ICT may lag behind in terms of development and competitiveness.</p> Signup and view all the answers