do you think the classification of economic activities into Primary secondary and tertiary sector is useful explain
Answers
Yes, It is very important because..
1. It helps us to understand that which sector is contributing how much to the GDP.
2. It tells which sector is lagging behind.
3.No of people employed or working in each sector...
Hope...
It 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.