Do you think the classification of economic activities into Primary secondary and tertiary is useful explain how.
Answers
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.
In India tertiary is growing at a very fast speed which implies that the country is moving towards developed country.
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.