(a) What is GDP - The value of final goods and services produced in each sector during a particular year provides the total production of sector for that year. And the sun of the production in the three sector is called the Gross Domestic Product or GDP. (b) Measuring of GDP- The task of measuringRead more
(a) What is GDP – The value of final goods and services produced in each sector during a particular year provides the total production of sector for that year. And the sun of the production in the three sector is called the Gross Domestic Product or GDP.
(b) Measuring of GDP- The task of measuring GDP is undertaken by a Central Government ministry. The ministry with the help of various government departments of all the Indian states and union territories, collects the information relating to the total volume of goods and services and their prices and then estimates the GDP.
(c) Importance of GDP- The GDP of a country shows the size of the economy of the country. This reflects whether the country is poor or rich and the status of employment and people.
The essential services, included in the service sector, that may not directly help in the production of goods are as mentioned below: (i) Teachers. (ii) Doctors. (iii) Persons who provide personal services such as washerman, barbers, cobblers, lawyers and people to do administrative and according woRead more
The essential services, included in the service sector, that may not directly help in the production of goods are as mentioned below:
(i) Teachers.
(ii) Doctors.
(iii) Persons who provide personal services such as washerman, barbers, cobblers, lawyers and people to do administrative and according works.
(iv) Recently certain new services based on information technology such as internet cafe, ATM booth, call centers, software companies have become important.
Primary, secondary and tertiary sectors are interdepend as mentioned below: (i) When we produce goods by exploiting natural resources, it is an activity of the primary sector. It is primary because it forms the base for all other products that we have subsequently make. (ii) The secondary sector covRead more
Primary, secondary and tertiary sectors are interdepend as mentioned below:
(i) When we produce goods by exploiting natural resources, it is an activity of the primary sector. It is primary because it forms the base for all other products that we have subsequently make.
(ii) The secondary sector covers activities in which natural products are changed into other forms manually or by machines. For example wheat is used to manufactured bread. So there is mutual dependency between primary and secondary sector.
(iii) The activities that help in the development of the primary and secondary sectors fall under the tertiary sector. These activities by themselves do not produce a good but they are an aid or an support for the production process. Transport, storage, communication and banking are some examples of tertiary activities.
(i) In term of ownership, sector can be divided into public and private sectors. (ii) Public sector- Railways (iii) Private sector-Tata iron and Steel Company Ltd.
(i) In term of ownership, sector can be divided into public and private sectors.
(ii) Public sector- Railways
(iii) Private sector-Tata iron and Steel Company Ltd.
In the rural areas, the unorganised sector, mostly consists of landless agricultural labourers, small and marginal farmers, shopkeeper and weavers , blacksmiths etc.
In the rural areas, the unorganised sector, mostly consists of landless agricultural labourers, small and marginal farmers, shopkeeper and weavers , blacksmiths etc.
What does GDP stand for? Explain how GDP is calculated.
(a) What is GDP - The value of final goods and services produced in each sector during a particular year provides the total production of sector for that year. And the sun of the production in the three sector is called the Gross Domestic Product or GDP. (b) Measuring of GDP- The task of measuringRead more
(a) What is GDP – The value of final goods and services produced in each sector during a particular year provides the total production of sector for that year. And the sun of the production in the three sector is called the Gross Domestic Product or GDP.
(b) Measuring of GDP- The task of measuring GDP is undertaken by a Central Government ministry. The ministry with the help of various government departments of all the Indian states and union territories, collects the information relating to the total volume of goods and services and their prices and then estimates the GDP.
(c) Importance of GDP- The GDP of a country shows the size of the economy of the country. This reflects whether the country is poor or rich and the status of employment and people.
See lessDescribe the essential services that are included in the services sectors and may not directly help in the production of goods?
The essential services, included in the service sector, that may not directly help in the production of goods are as mentioned below: (i) Teachers. (ii) Doctors. (iii) Persons who provide personal services such as washerman, barbers, cobblers, lawyers and people to do administrative and according woRead more
The essential services, included in the service sector, that may not directly help in the production of goods are as mentioned below:
(i) Teachers.
(ii) Doctors.
(iii) Persons who provide personal services such as washerman, barbers, cobblers, lawyers and people to do administrative and according works.
(iv) Recently certain new services based on information technology such as internet cafe, ATM booth, call centers, software companies have become important.
See lessDo you agree with the view that the print culture created the conditions within which French Revolution occurred? Give arguments in support of your answer.
Primary, secondary and tertiary sectors are interdepend as mentioned below: (i) When we produce goods by exploiting natural resources, it is an activity of the primary sector. It is primary because it forms the base for all other products that we have subsequently make. (ii) The secondary sector covRead more
Primary, secondary and tertiary sectors are interdepend as mentioned below:
(i) When we produce goods by exploiting natural resources, it is an activity of the primary sector. It is primary because it forms the base for all other products that we have subsequently make.
(ii) The secondary sector covers activities in which natural products are changed into other forms manually or by machines. For example wheat is used to manufactured bread. So there is mutual dependency between primary and secondary sector.
(iii) The activities that help in the development of the primary and secondary sectors fall under the tertiary sector. These activities by themselves do not produce a good but they are an aid or an support for the production process. Transport, storage, communication and banking are some examples of tertiary activities.
See lessWhat are the objective of public and private sector enterprises? State one each.
(i) Public sector - Welfare of the people and not to earn profit. (ii) Private sector- To earn profit
(i) Public sector – Welfare of the people and not to earn profit.
(ii) Private sector- To earn profit
See lessClassify economics activities into sectors on the basis of ownership. Give examples.
(i) In term of ownership, sector can be divided into public and private sectors. (ii) Public sector- Railways (iii) Private sector-Tata iron and Steel Company Ltd.
(i) In term of ownership, sector can be divided into public and private sectors.
(ii) Public sector- Railways
(iii) Private sector-Tata iron and Steel Company Ltd.
See lessIn urban areas which workers/people come in the category of unorganised sector?
In urban areas, unorganised sector comprises mainly of workers in small scale industry, casual workers in construction, trade and transport etc.
In urban areas, unorganised sector comprises mainly of workers in small scale industry, casual workers in construction, trade and transport etc.
See lessWhich groups of people are employed in unorganised sector in rural areas?
In the rural areas, the unorganised sector, mostly consists of landless agricultural labourers, small and marginal farmers, shopkeeper and weavers , blacksmiths etc.
In the rural areas, the unorganised sector, mostly consists of landless agricultural labourers, small and marginal farmers, shopkeeper and weavers , blacksmiths etc.
See lessWhat are the characteristics of the unorganised sector? State any one.
In unorganised sector, there are no provision for overtime, paid leave, holidays, leave due to sickness etc.
In unorganised sector, there are no provision for overtime, paid leave, holidays, leave due to sickness etc.
See lessState any one feature of the organised sector.
Organised sectors covers those enterprises or places of work where terms of employment are regular and therefore, people have assured work.
Organised sectors covers those enterprises or places of work where terms of employment are regular and therefore, people have assured work.
See lessAccording to estimates of planning Commission how many jobs can be created in the education sector alone?
Planning Commission estimates that nearly 20 lakhs jobs can be created in the education sector alone.
Planning Commission estimates that nearly 20 lakhs jobs can be created in the education sector alone.
See less