Which of these is a component of the tertiary sector of an economy?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Hotels and restaurants.
Hotels and restaurants are integral components of the tertiary sector, also known as the service sector, of an economy. This sector focuses on providing services rather than producing tangible goods. Hotels offer accommodation and related services, while restaurants provide food and beverage services. Both contribute significantly to the economy through employment generation, tourism revenue, and supporting other industries like agriculture and food processing. Their primary function is to cater to the needs and wants of consumers and businesses through service provision.