Which of the following reasons can be attributed to the rapid growth of the service sector in develo...........

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Which of the following reasons can be attributed to the rapid growth of the service sector in developed economies?

1. Increasing per capita income

2. Ageing population

3. Demand for skills at workplace

Select the correct answer using the code given below.

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

Employment in the service sector has increased steadily in the developed countries during the twentieth century despite low population and significant job losses in manufacturing.
In general, the increase in services employment throughout the world is attached to various reasons:

Rising per capita income in the developed countries has generated proportionately larger increases in the demand for many kinds of services especially healthcare, entertainment and transport.
Due to the changing demographic composition of the population in highly industrialized countries, the demand for medical care services is more from the elderly population in Europe, North America and Japan.
With the increasing demand for literacy, mathematical and computer skills at workplaces, there is a rise in demand for educational services at all leve