Economy, asked by rishabh22132, 7 months ago

The primary sector is the most labour absorbing sector yet contributes a very small proportion to the GDP. Why?

Answers

Answered by vijaydk24
2
Primary sector contributes more than 40% to the GDP of India. ... (iii) It is the most labour absorbing sector of Indian ... ( iii) Their earnings are low and not regular.
Answered by mummadaughter44
2

Answer:

The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, forestry, fishing and mining.[1][2][3]

The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries. For example, in 2018, agriculture, forestry, and fishing comprised more than 15% of GDP in Sub-Saharan Africa[4] but less than 1% of GDP in North America.[5]

In developed countries the primary sector has become more technologically advanced, enabling for example the mechanization of farming, as compared with hand-picking and -planting in poorer countries.[6] More developed economies may invest additional capital in primary means of production: for example, in the United States corn belt, combine harvesters pick the corn, and sprayers spray large amounts of insecticides, herbicides and fungicides, producing a higher yield than is possible using less capital-intensive techniques. These technological advances and investment allow the primary sector to employ a smaller workforce, so developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher percentage involved in the secondary and tertiary sectors.[7]

Explanation:

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