Question

how is classification of economic activities into different sectors useful?​

Answer 1

Answer:

The classification of economic activities into primary, tertiary and secondary is useful on account of the information it provides on how and where the people of a country are employed. Also, this helps in ascertaining as to which sector of economic activity contributes more or less to the country’s GDP and per capita income.

Answer 2

Answer:

Yes classification of economic activities into primary, secondary and tertiary activities is useful from various perspectives.

Explanation:

• This classification clearly shows the economic condition of the economy.
• Our country is basically relying upon agriculture and hence many are indulging in the primary sector of the economy and reap profits.
• Secondary and tertiary industries are factors for the growth of developed countries.
• This classification aids the government to identify the economic issue and address it in a swift manner.
• Government policies and schemes and programs are based on the economic concerns faced by the people in the society.
• This classification also helps us to know which sector is mostly relied upon by the people and thus GDP of the country is determined.