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Present State Of Service Sectors And Its Importance

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The service sector is an important part of the economy. In the present time, it is the main sources of income of the people living on this earth. Most of the people in developed country are involved in services. People are engaged in the governmental organization, non-governmental organization, international and domestic organization, and other private sectors. The process of taking money by doing work or providing facilities to the people is known as service.

Present State of Service Sector in Nepal

Source: www.slideshare.net Fig: Present State of Service Sector in Nepal
Source: www.slideshare.net
Fig: Present State of Service Sector in Nepal


The service sector is providing employment opportunities to the many people which help to decrease the unemployment problem from the country. In the context of Nepal, many people are unemployed and moving to foreign countries for the employment opportunities because of fewer industries in our country. Trade and commerce of our country are also not in good condition. Looking for all these problems, service sectors are established in our country. People are getting employment opportunities in various sectors like private hospitals, restaurants, schools and colleges, and banks, hotels, etc. which also increase the economic status of the people and its nation. But day by day population is increasing rapidly due to which the state of employment problem is existing. People go foreign countries to earn money to run their life and they send the money into Nepal as remittance which also helps to increase the per capita income of the nation.

Importance of Service Sector
In the context of Nepal, agriculture and the industry are the backbones of the nation but service is also another important part of the economic activity. The importance of the agriculture is decreasing day by day because of the leading role of services sectors in the country. Nowadays many people are running their livelihood from the service sector and also upgrading their living standard. Nepal's government is getting much more tax from the service sectors which increases the per capita income of a nation. So, in the context of the Nepal, service sector plays very important role in running the people's' livelihood and a nation.



  • Services sectors is an important part of the economy. 
  • The process of taking money by doing work or providing facilities to the people is known as service.
  • The service sector is providing employment opportunities to the many people which help to decrease the unemployment problem from the country.
  • The importance  of the agriculture is decreasing day by day because of the leading role of services sectors in the country. 
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Very Short Questions

Yes, I want to involve in the service sector in future because service sector is developing day by day so that we can get a chance to involve easily and we can service the nation by our own. We can not only get the jobs but also can get chance to help needed people.

The list of the eight work that falls under non-government service are as follow: 

  • Painter
  • Writer
  • Salesman
  • Carpenter
  • Photographer
  • Actors/Actress
  • Cobbler
  • Potter

 

The foreign employment is important is Nepal because Nepal is economically weak country so every year million of money come to Nepal from foreign countries as remittance which helps to increase the per capita income of a nation.

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  • Service sector is one of the most important sources of ______ of the people in the world at present.

    food
    salary
    livelihood
    income
  • The service sector has given a great contribution to solve the ______ problem of our country.

    social 
    unemployment 
    governmental
    illetracy
  • Due to lack of job, many Nepalese youths have been going to ______ employment.

    local 
    national 
    under
    foreign 
  • Government can collect plenty of income ______ from service sector,

    interest
    revenue
    tax
    VAT
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