Describe the historical changes that have taken place in the three sectors of economy in developed countries
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The history of developed countries reveals a general pattern of development in their economic structure.
First, Primary sectors predominandy contributed to GDP and held most of the employment. Then when agricultural activities increased, there was need for industrialisation and gradually industrial sectors dominated the economy. .
Much of the workers shifted to industrial sector, but Primary productivity did not hamper as industrial sector produced much sophisticated instruments and inputs that increased the productivity and filled the gap of loss of workforce. After a hundred years, service sector groomed up and most of the workers shifted to service sector and now, service sector contributes maximum to the share of economy.
The service sector has now become the most important sector in terms of total production and employmeht generation without disturbing the production and productivity of other two sectors.
So, it is seen that central tendency of economic structure had been shifting from Primary to Secondary and finally to Tertiary sector in developed countries. Similarly, almost all the developing countries are following the same path but may be in a different pace.
First, Primary sectors predominandy contributed to GDP and held most of the employment. Then when agricultural activities increased, there was need for industrialisation and gradually industrial sectors dominated the economy. .
Much of the workers shifted to industrial sector, but Primary productivity did not hamper as industrial sector produced much sophisticated instruments and inputs that increased the productivity and filled the gap of loss of workforce. After a hundred years, service sector groomed up and most of the workers shifted to service sector and now, service sector contributes maximum to the share of economy.
The service sector has now become the most important sector in terms of total production and employmeht generation without disturbing the production and productivity of other two sectors.
So, it is seen that central tendency of economic structure had been shifting from Primary to Secondary and finally to Tertiary sector in developed countries. Similarly, almost all the developing countries are following the same path but may be in a different pace.
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Answer:
《PRIMARY SECTOR》
- As the methods of farming changed, and agriculture sector began to prosper, it produced much more food than before. Many people could now take up other activities.
- There were increasing number of traders and craftspersons. Buying and selling activities increased many times. Besides, there were also transporters, etc.
- However, at this stage, most of the goods produced were natural products from the primary sector and most people were also employed in this sector.
《SECONDARY SECTOR》
- Over a long time and especially because new methods of manufacturing were introduced factories came up and started expanding.
- Those people who have earlier worked on farms now began to work in factories in large numbers. People began to use many more products that were produced in factories at cheap rates.
- Secondary sector gradually became the most important in manufacturing.
《TERTIARY SECTOR》
- In the past more than a hundred years, there have been a further shift from secondary to tertiary sector in developed countries.
- Most of the working people are also employed in the service sector and this is the general pattern observed in developed countries.
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