Explain the problem faced by each sector in the economy in relation to the Gdp and employment opportunities
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Hey mate,, here is your ans...
- The primary sector had more employment but its contribution of GDP is less compared to the other two sectors.
- There are lack of new job opportunities in the secondary and tertiary sectors.Its production is around 75% but it employees less than half of the population.
- The productivity of these sectors increased exceptionally but employment did not increase proportionately.
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Explanation:
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i)For each of the sectors that we came across in this chapter, one should focus on employment and GDP because these determine the development of a country in terms of its economic growth.
ii) A focus on employment and GDP helps determine two important things- per capita income and productivity.
iii) Hence, in each of the three sectors, employment rate and status, as well as its contribution to the GDP, help us understand how that particular sector is functioning and what needs to be done for its further growth.
iv) Other issues which should be examined are as follows:
Poverty,
Health-care facilities,
Education,
Food production, and
Advancement of technology etc
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