Question

How is the classification of primary secondary and tertiary sector useful to us?

Answer 1

The classification of economic activities into primary, secondary and tertiary 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. If the tertiary sector is developing much faster than the primary sector, then it implies that agriculture is depleting, and the government must take measures to rectify this. The knowledge that the agricultural profession is becoming unpopular or regressive can only come if we know which sector it belongs to. Hence, it is necessary to classify economic activities into these three sectors for smooth economic administration and development.

Answer 2

Yes, the classification of economic activities into primary,secondary and tertiary sector is useful

because of the following reasons :-

It helps us to know about what are the share of each sector in GDP in our country

It helps us to know how many workers are employed or working in primary, secondary and tertiary sector.

It tells us that which sector is gaining more importance.

Secondary sector is gradually becoming most important in total production and employment. But there is shift taken place The service sector has become the most important in terms of total production.