Question

How far is the occupational structure of an economy indicative of its level of economic development?

Answer 1

Occupational structure of an economy implies percentage of workforce employed in economic activities.

The occupational structure of an economy indicative of its level of economic development in following ways:

1. An underdeveloped economy will primarily be an agricuturally dominant country. It tells that maximum workforce is employed in agriculture sector and there is low level of development in manufacturing and service sector. For e.g. India under British rule
2. A developing economy will have its population employed majorly in agriculture sector but is also showing growth in its manufacturing and service sector.
3. A developed economy will have maximum of its population employed in service sector and manufacturing sector