19 Services Sector Flashcards
1
Q
importance of services sector
A
- source of services
- source of livelihood
- contribution to national income
2
Q
components of services sector
A
- financial, insurance, real estate activities
- accommodation and food service activities
- domestic trading
- public and private sectors
- transportation and storage
- information and communication
- arts, entertainment, recreation
3
Q
problems of services sector
A
- brain drain
- skills mismatch
- competition
- labor issues
4
Q
experts and professionals go abroad
A
brain drain
5
Q
skills gap, skills shortages, skills obsolescence, over/under skilling
A
skills mismatch
6
Q
contractualization, provincial rate, low minimum wage
A
labor issues
7
Q
no tenure, less benefits, no bonus/health insurance
A
probationary employment
8
Q
has tenure, more benefits, has health insurance
A
regular employment
9
Q
working but on contract only
A
contractualization
10
Q
less salary in the provinces, even if it is the same job
A
provincial rate
