what is the use of classify the economic activities into sectors?? plz answer don't spam...
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Yes, classification of economic activities into primary, secondary and tertiary sector is useful as it helps in estimating the relative importance in the growth in GDP of the economy. Classifying in such a way helps in calculating how much goods and services are produced and how many people work in each sector.
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Yes, classification of economic activities into primary, secondary and tertiary sector is useful as it helps in estimating the relative importance in the growth in GDP of the economy and it also helps to classify the different occupations that are taken up by the people in the country and how much each sector contributes to the growth of the country.
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