Question

Do you think that the classification of economic activities into primary,secondary and tertiary sector is useful

Answer 1

Answer:

Yes, classification of economic activities into primary, secondary and tertiary sector is useful as there are varieties of economic activities that are performed by the humans. In order to understand the nature of these activities and the role performed by the people in fulfilling these activities we need to classify these into the three sectors.

Further, the classification also helps us in ascertaining the contribution of each sector to the Indian economy. The government on these bases may also initiate reforms in a sector which according to it had not developed up to its full potential.

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.