IGCSE, A Level Business Student Forum

[KN]development in skill
[AN]when shifting to tertiary, investments in education and skill commonly occur to help support the service based economy, which is why more skilled labor is in demand
[AN+]Therefore, people focus on their ability, improving the productive capacity of the economy
[KN]a rise in employment
[AN]the tertiary sector requires more labor than the capital sector, resulting in a rise in demand for labor in general
[AN+]thus, unemployment falls, incomes rise, and living standards improve

[KN]more value added goods being sold in tertiary
[AN] this helps generate higher revenue and sales
[AN+] which leads to more economic growth

[KN]it increases employment opportunities
[AN] the tertiary sector requires more human labour and less machinery
[AN+] this gives people more incomes and helps them improve their living standards.

[KN] job opportunities
[AN] the employs who have skills according to the tertiary sector have more opportunities for their job
[AN+] this would lead to lower unemployment

[KN] Technological advancements are driving automation in manufacturing.
[AN] Automation reduces the need for manual labor in factories.
[AN+] This can lead to cost savings, increased production efficiency, and potentially job displacement, depending on the industry and region