how are the three sectors of economy interdeprndent? explain with suitable answer
Answers
Answer:
The sectors (i.e primary, secondary and tertiary sectors) of economy are interdependent. The primary sector is involved in natural products which we get from agriculture, fishing, dairy and forestry. ... The tertiary sector provides services for the production of goods in the primary and secondary sectors
Explanation:
There are three sectors of economy feasibly found i.e. Primary sector, Secondary sector and Tertiary sector. All the three sectors are interdependent. Some examples are given to elucidate this fact:
(i) Agricultural activities produce raw materials for agro based industries and food for employees in Secondary and Tertiary sector. It shows Industrial sector and Service sector's dependency on Primary sector
(ii) Industrial activities produce instruments like tractor, fertiliser for agricultural inputs and increase production and productivity in agriculture. Here Primary sector depend on Secondary sector.
(iii) Transportation facilities are much required for transportation of agricultural products and industrial products to market centres and urban centers. Here Primary and Secondary sector depends on Tertiary sector.
(iv) Industrial sector produce trucks, auto, etc for transportation, computer assets for proper banking activities and knowledge outsourcing. So, it shows now Tertiary sector depends on Secondary sector. If farmer does not produce grain, all people will starve and employees in Secondary and Tertiary sectors will pay much for food items and their life will be scarce.
(v) Mercerization, storage and transportation inadequacy will put obstacle for farmers to link with their consumer and its earning will be reduced and life will be miserable. So, it is reflected that all the sectors of economy are highly interdependent in India and also elsewhere in the world.