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Discuss the importance of insurance to business enterprise?

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Conclusion for growing importance of tertiary sector?

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Meaning of cooperative sector in Indian economy?

The cooperative sector can be defined as that sector of the economy carried out by cooperatives, defined by the International Cooperative Alliance as "autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise." The cooperative sector is distinguished from the state or public sector, which is carried out by the State and its instrumentalities including public corporations, and to the so-called private sector, which is carried out by private individuals and organizations.


What is sector based on services?

The service sector, also known as the tertiary sector, encompasses a wide range of industries that provide services rather than tangible goods. This includes sectors such as hospitality, healthcare, education, finance, retail, and information technology. The service sector plays a crucial role in the economy, often contributing significantly to GDP and employment. Its growth reflects changing consumer preferences and the increasing importance of knowledge and expertise in modern economies.


How entrepreneurs help the people in the country?

In a developing country, the role and importance of Small entrepreneurs is very significant towards poverty eradication, employment generation, rural development and creating regional balance in promotion and growth of various development activities. It is estimated that this sector has been contributing about 40% of the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector. This clearly shows the importance of Small entrepreneurs in the economic development of the country. Thus small-scale industry playing an important role in the growth process of Indian economy since independence in spite of stiff competition from the large sector and not very encouraging support from the government.