Question

Do you think the classification of different activities into primary, secondary and tertiary is useful? Explain.

Answer 1

Answer:

Yes, classification of economic activities into primary, secondary and tertiary sector is useful as it helps in estimating the relative importance in the growth in GDP of the economy. Classifying in such a way helps in calculating how much goods and services are produced and how many people work in each sector

Answer 2

Answer:

Yes classification of different activities into primary,secondary and tertiary is useful