ROLES OR CONTRIBUTIONS OF THE SERVICE INDUSTRY

              ROLES OR CONTRIBUTIONS OF THE SERVICE INDUSTRY TO ECONOMIC DEVELOPMENT OF NIGERIA

The service industries do countries greatly to the economic development of Nigeria in the following ways.

  1. Economic growth: The service industry through its activities in the economy does contribute towards the growth of the economy.
  2. Generation of employment: The service industry through all its activities in trading, banking, transportation, communication, helps to generate abundance employment for the people.
  3. Aids to trade: Service industry through banking, ware housing and transportation do assist in enhancing trading in the economy of the nation.
  4. Generation of Revenue: Service industry generates revenue both for the government and the people who are engaged in the industry.
  5. Diffusion of ideas and technology: Through the activities of people engaged in the service industry, new idea and technology are transferred from one country to another.
  6. National integration: Through the service industry, different regions in the country are brought in constant touch with one another. This enhances national integration and interaction among the people in a country.
  7. Stimulation of other sectors: The service industry does stimulate the growth of other sectors like manufacturing and construction industries.
  8. Infrastructural development: The service industry through its activities in the economy stimulates the development of infrastructures like roads, telephone, electricity and pipe borne water.
  9. Diversification of the economy: The service industry also helps to ensure the diversification of the economy through its branches like tourism.
  10. Manpower Development: Many people are trained in different areas e.g. Doctors, Lawyers, Musicians, Teachers, Police and Army
  1.     economic tools for nation building
  2.  
  3. factors affecting the expansion of industries
  4. bud
  5. mineral resources and the mining industries
  6. demand and supply
  7. types of demand curve and used
  8. advertising industry
  9. factors of production
  10. entrepreneur
  11. joint stock company

RINDER PESTS
148. NEWCASTLE DISEASE
149. BACTERIA DISEASES
150. ANTHRAX
151. BRUCELLOSIS
152. TUBERCULOSIS

let us know what you think

This site uses Akismet to reduce spam. Learn how your comment data is processed.