What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy?
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hey!
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- The contribution made by each of these sectors in the GDP of a country is called sectoral composition of the economy. If the service sector or tertiary sector contributes maximum to GDP of an economy then the country is economically developed.
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hey mate your answer↓
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A sectoral composition is the proportionate contribution of different sectors to the total GDP of economy during a year.
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A sectoral composition is the proportionate contribution of different sectors to the total GDP of economy during a year.
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