Service sector in India employs two different kinds of people as mentioned below: (i) There are highly skilled and educated workers such as teachers and doctors. (ii) On the other hand, a large number of workers are engaged in service such as small Shopkeepers, repair persons etc. who barely manageRead more
Service sector in India employs two different kinds of people as mentioned below:
(i) There are highly skilled and educated workers such as teachers and doctors.
(ii) On the other hand, a large number of workers are engaged in service such as small Shopkeepers, repair persons etc. who barely manage to earn a living. They perform these services because they do not have any other work to do.
"The tertiary sector is not playing any significant role in the development of Indian economy" is partially correct. During the period between 1973 and 2003, the production in the tertiary sector has increased to the extent that it has emerged as the largest producing sector in India replacing the pRead more
“The tertiary sector is not playing any significant role in the development of Indian economy” is partially correct. During the period between 1973 and 2003, the production in the tertiary sector has increased to the extent that it has emerged as the largest producing sector in India replacing the primary sector. it has more share in GDP than other sectors. There are several reasons for such a share in GDP as mentioned below :
(i) Basic services 1.e, hospitals, educational institutions, post and telegraph services, defence, banks etc. are being provided by the government in the developing countries.
(ii) The development of agriculture (primary sector) and industry (secondary sector) has led to development of services such as transport, trade and storage etc. in the tertiary sector.
(iii) Rise in income levels of the people has led to increase in their demands for more tourism facilities, shopping, better hospitals. Shopping malls, modern. Hospitals in big and metropolitan cities are examples of these services.
(iv) The rise new services based on information and communication technology have become necessary in life. This has increased the importance of tertiary service.
However, inspite of this, the tertiary sector is not playing any significant role in the development of Indian economy due to the following factors:
(a) The share of tertiary sector in employment has not increased in proportion to its Increase in production. In 2000, the prediction in service sector rose by 11 times, whereas employment has risen less than three times. Therefore, still more than half of the workers in the country are working in the primary sector.
(b) There are limited number of services that employ highly skilled and educated workers A very large number of worker such as shopkeepers, repair workers barely manage to earn a living. They do not have any alternative opportunities for work.
Open unemployment implies a situation when a person is unable to find any gainful work or job. He is able and willing to work but does not find gainful work. On the other hand, disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people whRead more
Open unemployment implies a situation when a person is unable to find any gainful work or job. He is able and willing to work but does not find gainful work. On the other hand, disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people who are actually engaged in such an activity appear to be employed but are not fully employed. In such cases, even if the surplus people are removed from work, production does not suffer.
(a) Disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people who are actually engaged in such an activity appear to be employed but are not fully employed. In such cases, even if the surplus people are removed from the work, productionRead more
(a) Disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people who are actually engaged in such an activity appear to be employed but are not fully employed. In such cases, even if the surplus people are removed from the work, production does not suffer. In India, the problem of disguised unemployment is particularly ‘acute in rural areas where more persons than required do the work in the fields. Workers in agriculture sector are under-employed. In such situation, everyone-does work no one remains idle but in actual fact, their labour effort gets divided. They work less than their potential.
This kind of employment is hidden. Hence, it is known as disguised unemployment.
(b) In urban areas there are casual workers in the service sector who search for daily employment such as painters, plumbers, repair persons and others doing odd jobs. They may spend the whole day but earn very-little. Thus, there is disguised unemployment both in rural and urban areas.
The classification of economic activities into primary, secondary and tertiary sectors is useful due to the following reasons : (i) The classification of economic activities show the employment conditions in different sectors. For example, in a developing country like India, most of the people are eRead more
The classification of economic activities into primary, secondary and tertiary sectors is useful due to the following reasons :
(i) The classification of economic activities show the employment conditions in different sectors. For example, in a developing country like India, most of the people are engaged in the primary sector which is also called agriculture and related sector. On the other hand, in the developed countries, like USA most people are employed in secondary and tertiary sectors.
(ii) The classification of economic activities also helps the government to take steps so that more and more people are employed in non-agricultural sectors, particularly tertiary sector because this sector helps in the development of the primary and secondary sectors. They do not produce a good but they are an aid or a support for the production process. Thus, the classification of economic activities is useful for the progress of the country.
Service sector in India employs two different kinds of people. Who are these?
Service sector in India employs two different kinds of people as mentioned below: (i) There are highly skilled and educated workers such as teachers and doctors. (ii) On the other hand, a large number of workers are engaged in service such as small Shopkeepers, repair persons etc. who barely manageRead more
Service sector in India employs two different kinds of people as mentioned below:
See less(i) There are highly skilled and educated workers such as teachers and doctors.
(ii) On the other hand, a large number of workers are engaged in service such as small Shopkeepers, repair persons etc. who barely manage to earn a living. They perform these services because they do not have any other work to do.
“The tertiary sector is not playing any significant role in the development of Indian economy.’’ Do you agree? Give reasons in support of your answer.
"The tertiary sector is not playing any significant role in the development of Indian economy" is partially correct. During the period between 1973 and 2003, the production in the tertiary sector has increased to the extent that it has emerged as the largest producing sector in India replacing the pRead more
“The tertiary sector is not playing any significant role in the development of Indian economy” is partially correct. During the period between 1973 and 2003, the production in the tertiary sector has increased to the extent that it has emerged as the largest producing sector in India replacing the primary sector. it has more share in GDP than other sectors. There are several reasons for such a share in GDP as mentioned below :
See less(i) Basic services 1.e, hospitals, educational institutions, post and telegraph services, defence, banks etc. are being provided by the government in the developing countries.
(ii) The development of agriculture (primary sector) and industry (secondary sector) has led to development of services such as transport, trade and storage etc. in the tertiary sector.
(iii) Rise in income levels of the people has led to increase in their demands for more tourism facilities, shopping, better hospitals. Shopping malls, modern. Hospitals in big and metropolitan cities are examples of these services.
(iv) The rise new services based on information and communication technology have become necessary in life. This has increased the importance of tertiary service.
However, inspite of this, the tertiary sector is not playing any significant role in the development of Indian economy due to the following factors:
(a) The share of tertiary sector in employment has not increased in proportion to its Increase in production. In 2000, the prediction in service sector rose by 11 times, whereas employment has risen less than three times. Therefore, still more than half of the workers in the country are working in the primary sector.
(b) There are limited number of services that employ highly skilled and educated workers A very large number of worker such as shopkeepers, repair workers barely manage to earn a living. They do not have any alternative opportunities for work.
Distinguish between open unemployment and disguised unemployment.
Open unemployment implies a situation when a person is unable to find any gainful work or job. He is able and willing to work but does not find gainful work. On the other hand, disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people whRead more
Open unemployment implies a situation when a person is unable to find any gainful work or job. He is able and willing to work but does not find gainful work. On the other hand, disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people who are actually engaged in such an activity appear to be employed but are not fully employed. In such cases, even if the surplus people are removed from work, production does not suffer.
See lessWhat do you understand by disguised unemployment? Explain with an example each from the urban and rural areas.
(a) Disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people who are actually engaged in such an activity appear to be employed but are not fully employed. In such cases, even if the surplus people are removed from the work, productionRead more
(a) Disguised unemployment is a situation in which more people are engaged in an activity than the required ones. The people who are actually engaged in such an activity appear to be employed but are not fully employed. In such cases, even if the surplus people are removed from the work, production does not suffer. In India, the problem of disguised unemployment is particularly ‘acute in rural areas where more persons than required do the work in the fields. Workers in agriculture sector are under-employed. In such situation, everyone-does work no one remains idle but in actual fact, their labour effort gets divided. They work less than their potential.
See lessThis kind of employment is hidden. Hence, it is known as disguised unemployment.
(b) In urban areas there are casual workers in the service sector who search for daily employment such as painters, plumbers, repair persons and others doing odd jobs. They may spend the whole day but earn very-little. Thus, there is disguised unemployment both in rural and urban areas.
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
The classification of economic activities into primary, secondary and tertiary sectors is useful due to the following reasons : (i) The classification of economic activities show the employment conditions in different sectors. For example, in a developing country like India, most of the people are eRead more
The classification of economic activities into primary, secondary and tertiary sectors is useful due to the following reasons :
See less(i) The classification of economic activities show the employment conditions in different sectors. For example, in a developing country like India, most of the people are engaged in the primary sector which is also called agriculture and related sector. On the other hand, in the developed countries, like USA most people are employed in secondary and tertiary sectors.
(ii) The classification of economic activities also helps the government to take steps so that more and more people are employed in non-agricultural sectors, particularly tertiary sector because this sector helps in the development of the primary and secondary sectors. They do not produce a good but they are an aid or a support for the production process. Thus, the classification of economic activities is useful for the progress of the country.