Agricultural sector : Agricultural indebtedness :: Industrial sector : ______ .
Answers
Answer : Industrial Indebtedness
Explanation :
Agricultural sector :
Agricultural sector deals with crop production. Overall process starting from cultivation to marketing of crops is carried out in the agricultural sector. It's a source of livelihood for a large number of people worldwide. Labour is required at the stages of sowing, irrigation, harvesting as well as transporting harvested crops from the field to the market. Pesticides and growth fertilizers are used in the field in large amounts which supports the chemicals and fertilizers industry. With increasing demand for flower crops like tulips, and vegetable crops like tomatoes, chillies, pepper, cucumber etc. throughout the year, they are grown in greenhouses and polyhouses for earlier harvest and availability in all seasons. This has resulted in a thriving polyhouse industry. Besides this with more and more mechanization of agriculture, industries developing agricultural equipment are also on rise. These many industries together form the agricultural sector.
The Industrial Sector depends on the Agricultural Sector because of the following reasons:
- Agriculture sector provides food and other products for the consumption purposes of Industrial Sector
- Agriculture sector provides raw-materials for the development of a agro-based industries of the economy
- Agricultural sector provides market for the Industrial products
Agricultural Indebtedness :
Agricultural indebtedness means an obligation to pay money to another party. In rural India the poor farmers and wage labours etc. when are unable to repay a loan and accumulate it, gives rise to the problem of rural indebtedness. Agricultural indebtedness is an indicator of the weak financial infrastructure of our country, which includes inability of our economic system to reach to the needy farmers, landless people in the villages and the agricultural wage labourers.
Causes of Agricultural Indebtedness :
- Low income
- Poverty and lack of education
- Unproductive & wasteful expenditures of the loans
- Inherited debts
- Waste of money on Litigations
- Poor financial inclusion
Industrial Sector :
The industrial sector is a segment of the economy made up of businesses that aid other businesses in manufacturing, shipping or producing their products. The industrial sector is what's known as a secondary sector because the products and services this sector offers go to other businesses rather than directly to consumers. Supply and demand in other sectors often drive the growth or minimization of the industrial sector, since it's reliant on purchasing from businesses in other sectors.
Types of Industrial sector :
- Primary sector
- Secondary sector
- Tertiary sector
- Quaternary sector
Industrial Indebtedness :
Industrial indebtedness means, for any Entity, total indebtedness for borrowed money less cash and cash equivalents, of the Entity and its subsidiaries each as reported on a consolidated basis in accordance with GAAP; provided that the calculation of Net Industrial Debt shall exclude obligations in respect of retirees and indebtedness of finance companies to the extent included in the consolidated results of such Entity.
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