Question
Tertiary activities are expanding day-by-day. Explain the statement.

Answer

  • Tertiary activities act as the link between primary and secondary activities.
  • These activities are mostly in the form of services.
  • Tertiary activities include transport and communication, trade, loading and unloading of goods, banking, insurance, marketing, export, etc.
  • Providing public services like hospital, education, research and development, administration, etc., are also included in tertiary activities.
  • With increasing industrialisation population growth and trade, number of people working in banking, insurance, tax consultants, software developers, teachers, etc., went on expanding day by day.

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Country Retirement Age reforms being implemented or under consideration (in years)
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China By 2045, to increase retirement age for both men and women to 65
Japan Under consideration to raise the retirement age to 70
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