In the following ways Public sector contributes to the economic development of a nation: • It focuses on infrastructural development and promotes rapid economic development. •It creates employment opportunities so that more people can find suitable jobs. • It generates financial resources for develoRead more
In the following ways Public sector contributes to the economic development of a nation:
• It focuses on infrastructural development and promotes rapid economic development.
•It creates employment opportunities so that more people can find suitable jobs.
• It generates financial resources for development.
• It ensures equal distribution of income and wealth to maintain equilibrium in all regions.
•It encourages sustainable development of small, medium and cottage industries so that they can contribute toward economic development.
• It ensures easy availability of goods and commodities at moderate rates.
• Contributes to overall development i.e. to the Human Development Index (HDI) via health and educational services.
On the basis of employment conditions, the activities in the economy are classified into organized and unorganized sectors: • Organized Sector: This sector includes enterprises which are registered by the government and have abide by its rules and regulations such as the Factory Act, Minimum Wages ARead more
On the basis of employment conditions, the activities in the economy are classified into organized and unorganized sectors:
• Organized Sector: This sector includes enterprises which are registered by the government and have abide by its rules and regulations such as the Factory Act, Minimum Wages Act, Payment of Gratuity Act, Shops and Establishment Act etc. Workers in the organised sector enjoy the security of employment. They are expected to work only a fixed number of hours. If they work more, they have to be paid overtime by the employer. They get paid leave, payment during holidays, provident fund, gratuity etc. For example, Reliance Industries Ltd., GAIL etc.
• Unorganized Sector: It includes those small and scattered units which are largely outside the control of the government and have no fixed rules and regulations to govern the working system. For example, casual workers in construction, shops etc. Jobs here are not regular. They are low paid and sometimes wages are even lower than minimum wage rate. There is no provision for overtime, paid leave, holidays, leave due to sickness etc. In this sector there is no job security and the conditions of employment are also very tough. People can be asked to leave without prior information or reason.
Yes, workers are exploited in the unorganized sector. This would be clear from the following points: • No stringent rules, regulation and policies that can be followed. • There is no minimum or maximum number of working hours. The workers normally work 10-12 hours without paid overtime. • No other iRead more
Yes, workers are exploited in the unorganized sector. This would be clear from the following points:
• No stringent rules, regulation and policies that can be followed.
• There is no minimum or maximum number of working hours. The workers normally work 10-12 hours without paid overtime.
• No other incentives or allowances apart from the daily regular wages.
• Government rules and regulations to protect the labourers are not adhered to.
• There is no job or financial security.
• Labour is low paid in this sector are generally illiterate, ignorant and unorganized. So they are not in a position to bargain or secure good wages.
• They are always burdened with loans and debts. So, they can be easily made to accept lower wages.
• Social discrimination.
Following are the two different kinds of people: • The people indulged in the services that may directly aid the production of goods. For example, people involved in the transportation, storage, communication, finance etc. • The people involved in such services that may not directly help in the prodRead more
Following are the two different kinds of people:
• The people indulged in the services that may directly aid the production of goods. For example, people involved in the transportation, storage, communication, finance etc.
• The people involved in such services that may not directly help in the production of goods or the self-employed. e.g. teachers, doctors, barbers, lawyers etc. They may be termed as ancillary workers, those who provide services to the primary service providers.
When the labour force of a country does not get adequate opportunities for employment, this situation is called open unemployment. The Industrial sector of our country suffers most from this type of unemployment. This is also found among the landless agricultural labourers in rural areas. This kindRead more
When the labour force of a country does not get adequate opportunities for employment, this situation is called open unemployment. The Industrial sector of our country suffers most from this type of unemployment. This is also found among the landless agricultural labourers in rural areas. This kind of unemployment exists due to lack of resources.
When people are visibly employed but actually don’t have full time employment and more people are engaged in work than required without increasing the production, it is call disguised employment. This type of unemployment is generally found in unorganized sector where either work is not regularly available or too many people are employed for the same work that does not require so many hands. The absence of alternative employment opportunities leads to this situation.
The classification of economic activities into primary, tertiary and secondary is useful as it provides necessary information on how and where the people of a country are employed. It is also a determining factor as to which sector of economic activity contributes more or less to the country’s GDP aRead more
The classification of economic activities into primary, tertiary and secondary is useful as it provides necessary information on how and where the people of a country are employed. It is also a determining factor as to which sector of economic activity contributes more or less to the country’s GDP and per capita income. With this information we can bifurcate the sectoral share in the economy and government can make amendment in policies to boost the sector contributing less to the economy.
If the tertiary sector is developing much faster than the primary sector, then it indicates that agriculture is depleting, and the government must take measures to rectify this. It is also an indicative of which sector is the most popular and which sector is becoming unpopular or regressive. Hence it is necessary to classify economic activities into these three sectors for smooth economic administration and development.
Explain how public sector contributes to the economic development of a nation.
In the following ways Public sector contributes to the economic development of a nation: • It focuses on infrastructural development and promotes rapid economic development. •It creates employment opportunities so that more people can find suitable jobs. • It generates financial resources for develoRead more
In the following ways Public sector contributes to the economic development of a nation:
• It focuses on infrastructural development and promotes rapid economic development.
•It creates employment opportunities so that more people can find suitable jobs.
• It generates financial resources for development.
• It ensures equal distribution of income and wealth to maintain equilibrium in all regions.
•It encourages sustainable development of small, medium and cottage industries so that they can contribute toward economic development.
• It ensures easy availability of goods and commodities at moderate rates.
• Contributes to overall development i.e. to the Human Development Index (HDI) via health and educational services.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
How are the activities in the economy classified on the basis of employment conditions?
On the basis of employment conditions, the activities in the economy are classified into organized and unorganized sectors: • Organized Sector: This sector includes enterprises which are registered by the government and have abide by its rules and regulations such as the Factory Act, Minimum Wages ARead more
On the basis of employment conditions, the activities in the economy are classified into organized and unorganized sectors:
• Organized Sector: This sector includes enterprises which are registered by the government and have abide by its rules and regulations such as the Factory Act, Minimum Wages Act, Payment of Gratuity Act, Shops and Establishment Act etc. Workers in the organised sector enjoy the security of employment. They are expected to work only a fixed number of hours. If they work more, they have to be paid overtime by the employer. They get paid leave, payment during holidays, provident fund, gratuity etc. For example, Reliance Industries Ltd., GAIL etc.
• Unorganized Sector: It includes those small and scattered units which are largely outside the control of the government and have no fixed rules and regulations to govern the working system. For example, casual workers in construction, shops etc. Jobs here are not regular. They are low paid and sometimes wages are even lower than minimum wage rate. There is no provision for overtime, paid leave, holidays, leave due to sickness etc. In this sector there is no job security and the conditions of employment are also very tough. People can be asked to leave without prior information or reason.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
Yes, workers are exploited in the unorganized sector. This would be clear from the following points: • No stringent rules, regulation and policies that can be followed. • There is no minimum or maximum number of working hours. The workers normally work 10-12 hours without paid overtime. • No other iRead more
Yes, workers are exploited in the unorganized sector. This would be clear from the following points:
• No stringent rules, regulation and policies that can be followed.
• There is no minimum or maximum number of working hours. The workers normally work 10-12 hours without paid overtime.
• No other incentives or allowances apart from the daily regular wages.
• Government rules and regulations to protect the labourers are not adhered to.
• There is no job or financial security.
• Labour is low paid in this sector are generally illiterate, ignorant and unorganized. So they are not in a position to bargain or secure good wages.
• They are always burdened with loans and debts. So, they can be easily made to accept lower wages.
• Social discrimination.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Service sector in India employs two different kinds of people. Who are these?
Following are the two different kinds of people: • The people indulged in the services that may directly aid the production of goods. For example, people involved in the transportation, storage, communication, finance etc. • The people involved in such services that may not directly help in the prodRead more
Following are the two different kinds of people:
• The people indulged in the services that may directly aid the production of goods. For example, people involved in the transportation, storage, communication, finance etc.
• The people involved in such services that may not directly help in the production of goods or the self-employed. e.g. teachers, doctors, barbers, lawyers etc. They may be termed as ancillary workers, those who provide services to the primary service providers.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Distinguish between open unemployment and disguised unemployment.
When the labour force of a country does not get adequate opportunities for employment, this situation is called open unemployment. The Industrial sector of our country suffers most from this type of unemployment. This is also found among the landless agricultural labourers in rural areas. This kindRead more
When the labour force of a country does not get adequate opportunities for employment, this situation is called open unemployment. The Industrial sector of our country suffers most from this type of unemployment. This is also found among the landless agricultural labourers in rural areas. This kind of unemployment exists due to lack of resources.
When people are visibly employed but actually don’t have full time employment and more people are engaged in work than required without increasing the production, it is call disguised employment. This type of unemployment is generally found in unorganized sector where either work is not regularly available or too many people are employed for the same work that does not require so many hands. The absence of alternative employment opportunities leads to this situation.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
The classification of economic activities into primary, tertiary and secondary is useful as it provides necessary information on how and where the people of a country are employed. It is also a determining factor as to which sector of economic activity contributes more or less to the country’s GDP aRead more
The classification of economic activities into primary, tertiary and secondary is useful as it provides necessary information on how and where the people of a country are employed. It is also a determining factor as to which sector of economic activity contributes more or less to the country’s GDP and per capita income. With this information we can bifurcate the sectoral share in the economy and government can make amendment in policies to boost the sector contributing less to the economy.
If the tertiary sector is developing much faster than the primary sector, then it indicates that agriculture is depleting, and the government must take measures to rectify this. It is also an indicative of which sector is the most popular and which sector is becoming unpopular or regressive. Hence it is necessary to classify economic activities into these three sectors for smooth economic administration and development.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/