Question

Do you think that classification of primary, secondary and tertiary sector is useful? Explain how

Answer 1

(i) Primary Sector (or Agriculture sector). It includes all those economic activities which are connected with extraction and production of natural resources, e.g., agriculture, fishing, mining, etc.
(ii) Secondary Sector (or Industrial sector). It includes all activities which are concerned with the processing materials which have already been extracted at the primary stage, e.g., the mining of iron ore is primary industry, but manufacture of steel is secondary industry.
(iii) Tertiary Sector (or Service sector). It is concerned with providing support services to primary and secondary sector and includes transport, banking, insurance, warehousing, communication, advertising, etc. It facilitates smooth flow of goods and services in the economy. Importance of tertiary sector has been observed in the last decade and its contribution to GDP has also risen.

Answer 2

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.