What is production under tertiary activities? |
The production involves the provision of services. The production involves the provision of services that are consumed There is no production under tertiary activities. None of the above |
The production involves the provision of services that are consumed |
The correct answer is Option 2: The production involves the provision of services that are consumed Under tertiary activities, production does not involve manufacturing goods. Instead, it involves providing services such as transport, banking, trade, education, and healthcare, which are consumed by people at the time they are provided. NCERT: The production involves the provision of services that are consumed. The output is indirectly measured in terms of wages and salaries. |