Economy, asked by EconomicsTeacher, 1 month ago

Do you think the classification of economic activities into primary, tertiary, and secondary is
useful? Explain how.
Gud answer will be brainlist

Answers

Answered by Xennial
25

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  • It provides information on how and where the people of a country are employed. For example in India in 2000, the share of the primary sector in employment was about 60 percent i.e., more than other sectors.

  • It also helps in ascertaining as to which sector of economic activity contributes more or less to the country’s GDP and per capita income.

  • If the tertiary sector is developing much faster than the primary sector, then it implies that agriculture is depleting and the government must take measures to rectify this.

  • The knowledge that the agricultural profession is becoming unpopular or regressive can only come if we know which sector it belongs to.

  • It provides us information about employment conditions in different sectors. For example in India, the primary sector faces the problem of disguised unemployment. In this sector, more people are employed and even if some are removed, production will not be affected.

  • It provides us the information about progress in different sectors. For example, the importance of the tertiary sector has increased due to various factors need for basic services and the coming of IT services.

In view of the above factors, it is necessary to classify economic activities into three sectors for smooth economic administration and development.

Answered by PenSector
2

  • It provides information on how and where the people of a country are employed
  • . For example in India in 2000, the share of the primary sector in emplo
  • yment was about 60 percent
  • .e., more than othe
  • r sector.
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