How are the three concepts of economics are interdependent on each other?
Answers
Answer:In this chapter we come across the three sectors—primary, secondary and tertiary. We should focus on
employment and GDP because we should know the share of employment in different sectors. Without that it is
not easy to know the number of unemployed in the country. Unemployment is the major problem our country is
facing. Without solving this problem we can do nothing about poverty, low standard of living and low purchasing
power of the people. These sectors tell us shares of people engaged in different economic activities and the
position of GDP.
There are other issues also. We should examine such as to know the total number of workers employed in
organized and unorganized sectors because the workers face different types of problems in these sectors.
Explanation: