NCERT Solutions for Class 10 Social Science History Chapter 2
Social Science Class 10 Economics
Sectors of the Indian Economy 2
Important NCERT Questions Based on new NCERT Books for Session 2022-2023
Questions No: 6
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
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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.
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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.
The classification of economics activities into, primary, secondary and tertiary sectors is helpful as mentioned below:
(i) It provides information on how and where the people of a country are employed. For example in India in 20000, the share of primary sector in employment was about 60 percent more than other sectors.
(ii) It also help in ascertaining as to which sector economics activity contributes more or less the country GDP and per capita income.
(iii) If the tertiary sector is developing much faster than the primary sectors, then it implies that agriculture is depleting and the government must take measures to rectify this.
(iv) The knowledge that the agricultural profession is becoming unpopular or regressive can only come if we know which sector is belong to.
(v) It provide us information about employment conditions in different sectors. For example in India primary sector faces the problem of disguised unemployment. In this sector more people are employed and even some of them are removed, production will not be affected.
(vi) It provides us information about of progress in different sectors. For example the importance of tertiary sector has increased due to various factor need for basic services and coming of It services.
Here are the benefits of classifying economic activities into primary, secondary, and tertiary sectors:
1. Structural Understanding:
– Provides a framework to comprehend the economic structure based on predominant activities.
2. Policy Formulation:
– Assists governments in devising strategies and policies for economic growth and development.
3. Employment Analysis:
– Helps analyze employment trends and labor force distribution across sectors.
4. Resource Allocation:
– Guides allocation of resources by identifying key sectors requiring attention or investment.
5. GDP Composition:
– Facilitates understanding of GDP composition by sector, reflecting economic diversification.
6. Technological Progress:
– Reflects stages of technological advancement and economic transformation.
While advantageous, it’s crucial to recognize evolving economies may blur sectoral boundaries, emphasizing the need for flexible frameworks in economic analysis and planning.