Question

explain briefly the various activities carried out in three sectors of the India economy ​

Answer 1

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary).

• The primary sector includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, deposits .
• In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory which describes the role of manufacturing. It encompasses the industries which produce a finished, usable product or are involved in construction.
• In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory which describes the role of manufacturing. It encompasses the industries which produce a finished, usable product or are involved in construction.

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Answer 2

Economic Sectors

• Economic activities result in the production of goods and services while sectors are the group of economic activities classified on the basis of some criteria.
• The Indian economy can be classified into various sectors on the basis of ownership, working conditions and the nature of the activities.
• All economic activity was in the primary sector during early civilisation. After the surplus production of food, people’s need for other products increased which led to the development of the secondary sector.
• The growth of secondary sector spread its influence during the industrial revolution in the nineteenth century.
• A support system was needed to facilitate the industrial activity. Certain sectors like transport and finance played an important role in supporting the industrial activity.

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary).

Primary Sector

• In Primary sector of economy, activities are undertaken by directly using natural resources. Agriculture, Mining, Fishing, Forestry, Dairy etc. are some examples of this sector.
• It is called so because it forms the base for all other products. Since most of the natural products we get are from agriculture, dairy, forestry, fishing, it is also called Agriculture and allied sector.
• People engaged in primary activities are called red-collar workers due to the outdoor nature of their work.

Secondary Sector

• It includes the industries where finished products are made from natural materials produced in the primary sector. Industrial production, cotton fabric, sugar cane production etc. activities comes under this sector.
• Hence its the part of a country's economy that manufactures goods, rather than producing raw materials
• Since this sector is associated with different kinds of industries, it is also called industrial sector.
• People engaged in secondary activities are called blue collar workers.
• Examples of manufacturing sector:

1. Small workshops producing pots, artisan production.
2. Mills producing textiles,
3. Factories producing steel, chemicals, plastic, car.
4. Food production such as brewing plants, and food processing.
5. Oil refinery.

Tertiary Sector/Service Sector

• This sector’s activities help in the development of the primary and secondary sectors. By itself, economic activities in tertiary sector do not produce a goods but they are an aid or a support for the production.
• Goods transported by trucks or trains, banking, insurance, finance etc. come under the sector. It provides the value addition to a product same as secondary sector.
• This sector jobs are called white collar jobs