discuss how promoting and locating industries help in creating employment.
Answers
Explanation:
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CBSE Class 10 SST Economics Sectors of Indian Economy LAQ
August 7, 2017 by phani
Formulae Handbook for Class 10 Maths and Science
CBSE Class 10 SST Economics Sectors of Indian Economy LAQ
1. ‘While estimating the national income, only the value of the final goods and services is used.’ Explain with the help of an example.
Ans. While estimating the performance of a sector, only the value of final goods and services is used. This is for avoiding double counting. “The counting of the only the value of final goods and services is used. This is for avoiding double counting. “The counting of the value of a product more than once is called as double counting.” This leads to the overestimation of the value of goods and services produced. Let us understand the concept with the help of an example- A farmer produces one ton of wheat, and sells it for X 100 to a flour mill. As far as the farmer is concerned, the sale of wheat is a final sale for him. But the purchase of wheat by the flour mill is an intermediate goods. He converts the wheat into flour and sells it to a baker for X 150. The flour mill treats the flour as a final product, but for baker it is an intermediate goods. The baker sells the bread to the shopkeeper for X 200, and the shopkeeper to the consumer for X 250.
Value of output = Farmer (X 100) + Flour mill (X 150) + Baker (X 200) + Shopkeeper {X 250) = X 700 .
So while calculating the national income only the value of the final output; i.e., X 250 should be included not X 700.
Q-2. Why is the tertiary sector becoming so important in India? Give at least four reasons.
[CBSE 2008, 2009 (D) Sept. 2011, 2012]
Or
Why is tertiary sector growing so rapidly in India ? Explain it with four reasons.
Ans. (i) Basic services : In any country, several 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 required. These can be considered as basic services. In a developing country, the government has to take the responsibility for the provision of these services.
As more and more people are being employed to provide the basic services to the people, the share of the tertiary sector in the Gross Domestic Product, the GDR is increasing.
(ii) Development of means of transport and communication : The development of agriculture and industry leads to the development of services such as transport, communication, trade, etc. All these are under the tertiary sector.
(iii) More income more services : The per capita income in our country is rising. As the income level rises, people demand more services like tourism, shopping centres, schools, professional training centres, banks, etc.
(iv) New services : With modernisation and globalisation, some new services based on information and communication technology have become important and essential. The production of these services has been rising rapidly.