why is the the contribution towards GDP from the primary sector is less even though the employment in this sector appears to be e very high?
Answers
Answer:
hi babe
here is u r answer
Explanation:
Primary sector continues to be the largest employer because:
1) Enough jobs have not been created in other sectors.
2) Primary sector requires comparatively less education than the other two sectors.
3) Most of the unemployed people take up activities of primary sector in hope of earning some money.
Answer:
here is your answer
Explanation:
As economy grows, there is a shift in labour force from Primary Sector to Secondary and Tertiary Sectors. As economy progresses, the people tend to work more in the secondary and service sectors of the economy. Workforce of primary sector gradually starts decreasing with the economic development. Hence, there is an increase in demand for goods and services produced by secondary and tertiary sectors. As a result, the share of secondary and tertiary sectors to the GDP increases and the share of primary sector to the GDP decreases.