Do 6ou think the classification of economic activities among primary,secondary and tertiary sector useful
Answers
Hey!!
Yes of course.. the classification of economic activities in primary, secondary or tertiary sectors is very useful because there are varieties of economic activities performed by us.
To understand the nature of these activities and the role played by each activity , we need to classify them into three sectors.
Also , these sectors provides a separate contribution in the economic growth of the country.
Hope this will help you :-)
Yes, the classification of economic activities into primary,secondary and tertiary sector is useful
because of the following reasons :-
It helps us to know about what are the share of each sector in GDP in our country
It helps us to know how many workers are employed or working in primary, secondary and tertiary sector.
It tells us that which sector is gaining more importance.
Secondary sector is gradually becoming most important in total production and employment. But there is shift taken place The service sector has become the most important in terms of total production.