1. It promoted rapid economic development through creation and expansion of infrastructure. It creates the employment opportunities. It generates financial resources for development. It encourages development of small, medium and cottage industries. It brings the social justice. For more answers visitRead more

    1. It promoted rapid economic development through creation and expansion of infrastructure.
    2. It creates the employment opportunities.
    3. It generates financial resources for development.
    4. It encourages development of small, medium and cottage industries. It brings the social justice.

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  2. In primary sector, modern technology has been introduced in agriculture. With the arrival of green revolution and advanced irrigation methods, there are noticeable changes in this sector. Industrial production has also increased several times therefore providing more employment opportunities to "theRead more

    1. In primary sector, modern technology has been introduced in agriculture. With the arrival of green revolution and advanced irrigation methods, there are noticeable changes in this sector.
    2. Industrial production has also increased several times therefore providing more employment opportunities to “the unemployed and underemployed in this sector.
    3. There are lots of casual workers in the service sector in urban areas who search for employment on daily wages. In the rural areas too, a lot of casual workers sometimes Intermittently do not get job. Many of them are disguisedly unemployed. So besides changes unemployment still exists in India.

     

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  3. Provide loans to small farmers for cultivation, irrigation and so on. Dams, canal can be constructed will lead to a lot of employment generation. Construction of roads in rural area creates employments in rural community. More and more schools should be opened which would create jobs in education seRead more

    1. Provide loans to small farmers for cultivation, irrigation and so on.
    2. Dams, canal can be constructed will lead to a lot of employment generation.
    3. Construction of roads in rural area creates employments in rural community.
    4. More and more schools should be opened which would create jobs in education sector and literacy as well in rural area.
    5.  To improve the health situation, we need more doctors, nurses health workers to work in rural area.

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  4. Economist suggests that the' 'values of goods and services should be used rather than adding up the actual numbers. The value of goods and services in the three sectors are calculated and then a added up. Not every good(or service), that is produced and sold, needs to be counted. It makes sense, onlRead more

    Economist suggests that the’ ‘values of goods and services should be used rather than adding up the actual numbers. The value of goods and services in the three sectors are calculated and then a added up. Not every good(or service), that is produced and sold, needs to be counted. It makes sense, only to include final goods and services. Intermediate goods are used up in producing final goods and services. The value of final goods already includes the value of all the intermediate goods that are used in making the final goods and services. So the value of final goods and services produced in each sector during a particular year, provides the total production of the sector for that year. And the sum of production in three sectors gives us the

    ‘Gross Domestic Product.”

     

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  5.  Underemployment or disguised employment : A situation where more people are engaged than required. So, even if you turned people out, production will not be affected. It is called underemployment. Seasonal unemployment : When people are unemployed for a particular season, it is as seasonal unemployRead more

     Underemployment or disguised employment : A situation where more people are engaged than required. So, even if you turned people out, production will not be affected. It is called underemployment.

    Seasonal unemployment : When people are unemployed for a particular season, it is as seasonal unemployment. For example, if farmers are ploughing land only for rabi season then, they, become unemployed for the rest of the season.

     

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