Economics
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
Answer
The classification of economic activities into primary, secondary, and tertiary sectors provides a useful framework for understanding the structure of an economy. It makes easier for us to prepare data about production, growth etc., which in turn can be used to asses economy of the country. This classification helps policymakers, researchers, and businesses analyze economic trends, allocate resources, and design targeted policies.
Related Questions
Find the odd one out and say why.
- Tourist guide, dhobi, tailor, potter
- Teacher, doctor, vegetable vendor, lawyer
- Postman, cobbler, soldier, police constable
- MTNL, Indian Railways, Air India, Jet Airways, All India Radio
A research scholar looked at the working people in the city of Surat and found the following.
Place of work Nature of employment Percentage of working people In offices and factories registered with the government Organised 15 Own shops, office, clinics in marketplaces with formal license 15 People working on the street, construction workers, domestic workers 20 Working in small workshops usually not registered with the government Complete the table. What is the percentage of workers in the unorganised sector in this city?
For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss.
Make a long list of all kinds of work that you find adults around you doing for a living. In what way can you classify them? Explain your choice.