Sustainability is important in economic activities because it ensures that resources are used in a way that meets present needs without compromising the ability of future generations to meet their own needs. In the context of the economy, sustainable practices ...

In the context of AMUL, the term “export” refers to the process of sending its dairy products to other countries for sale. AMUL, through its cooperative structure, produces a variety of dairy products like milk, butter, and cheese, which are ...

Communication is essential for supporting economic activities as it enables the exchange of information between individuals, businesses, and organizations. It helps in coordinating activities such as planning, marketing, and decision-making across different sectors. For instance, farmers (primary sector) use communication ...

Logistics is a critical part of the tertiary sector as it involves managing the transportation, storage, and delivery of goods and services. It ensures that raw materials from the primary sector reach factories in the secondary sector and that finished ...

The three sectors of the economy—primary, secondary, and tertiary—are closely interdependent. For example, in agriculture (primary sector), farmers grow wheat, which is sent to flour mills (secondary sector) to be processed into flour. This flour is then distributed and sold ...

Education plays a crucial role in the tertiary sector as it provides services that build knowledge and skills among individuals. Schools, colleges, and training institutions offer education to prepare people for various professions and industries, thereby contributing to the economy. ...

Forestry is a primary sector activity because it involves the direct use of natural resources, such as trees, to provide raw materials. People engaged in forestry harvest timber, collect fruits, and gather medicinal plants from forests. These raw materials are ...

Before forming a cooperative like AMUL, farmers faced several challenges. They were heavily dependent on middlemen, who often paid them very low prices for their milk, leaving the farmers with minimal profits. Additionally, farmers lacked access to reliable markets, advanced ...

The tertiary sector contributes significantly to international trade by providing essential services like transportation, banking, communication, and tourism. These services ensure that goods can be moved across countries efficiently, payments are processed securely, and businesses can communicate globally. For example, ...

Retail is a key part of the tertiary sector because it serves as the direct link between producers and consumers. Retailers buy goods in bulk from manufacturers or wholesalers and sell them in smaller quantities to individuals in shops, markets, ...