comparing the three sectoe
Answers
Answer:
primary: agricultural
second: manufacturing agriculture products
territory: transports the manufactured products
Answer:
The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. The sum of production in the three sectors gives Gross Domestic Product (GDP) of a country. GDP is the value of all final goods and services produced within a country during a particular year. It shows how big the economy is. In India, the task of measuring GDP is undertaken by a central government ministry.
The graph below shows the production of goods and services in the three sectors.
In the year 2013-14, the tertiary sector emerged as the largest producing sector in India, replacing the primary sector. The tertiary sector has become important in India because of the following reasons:
Services such as hospitals, educational institutions, post and telegraph services, police stations, courts, village administrative offices, municipal corporations, defence, transport, banks, insurance companies, etc. are considered as basic services and are necessary for all people.
The development of agriculture and industry leads to the development of services such as transport, trade, storage, etc.
With the rise in the income of people, they start demanding more services like eating out, tourism, shopping, private hospitals, private schools, professional training, etc.
Over the past decade, certain new services based on information and communication technology have become important and essential.