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TERITARY, QUATERNARY AND QUINARY ACTIVITIES OF MANKIND. — Geography STD 12 Arts — Question

Gujarat BoardEnglish MediumSTD 12 ArtsGeographyTERITARY, QUATERNARY AND QUINARY ACTIVITIES OF MANKIND.3 Marks
Question
Explain the services of international economic systems.
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Answer

  • The services of international economic systems are as follows:
  • Even in developing countries, the service sector is growing faster than the manufacturing sector.
  • So it has led to an increase in national income in those nations.
  • There has been a huge increase in employment in the service sector.
  • More and more women are joining it.
  • The economic system of developed countries has become more comprehensive.
  • Many countries are making more money by selling services to foreign customers.
  • Its contribution to international trade is about 20 percent.
  • Cities like London, New York, Tokyo, Paris, Osaka, Mumbai, Hong Kong etc. are important in the international economy.
  • Banks can transfer their capital in a very short time due to internet services.
  • So that international economic transactions have become easier and faster.
  • Economic activities have become more widespread than ever before.
  • Banks, insurance companies, stock markets, defense companies are doing more and more informative economic activities.
  • So that the international economic systems are evolving further.

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