Economy, asked by Tanmayrocket1047, 1 year ago

Why it is important for public activities to focus on certain areashow to protect workers in the unorganised sector?

Answers

Answered by bijalanubha123
3
LASS : X SUBJECT : ECONOMICS TOPIC :SECTOR OF INDIAN ECONOMY MONTH : JULY, 2012 TEACHER S NAME: MRS. ASHIMA SHARMA Sectors of the Indian Economy Economic activities are activities that result in the production of goods and services. Sectors are group of economic activities classified on the basis of some criteria. Three types of classification are: 1. Classification of economics activities on the basis of nature of activity Primary Sector Secondary sector Tertiary sector 2. Classification of economics activities on the basis of conditions of work Organised sector Unorganised sector 3. Classification of economic activities on the basis of ownership of assets Public sector (government s control) Private sector (controlled by individual or group of individuals) DIFFERENCES BETWEEN PRIMARY SECONDARY AND TERTIARY SECTORS Primary Sector Secondary Sector Tertiary Sector 1. It includes those activities which lead to the production of goods by exploitation of natural resources. 2. It produces natural products like cotton, milk, fruits, wheat, fish, subber etc. 3. It also called agriculture and related sector because most of the natural products obtained are from agriculture, diary, fishing, forestry etc. 4. Examples of primary sector activities are agriculture, fishing, mining, animal husbandry etc. 1. It includes those activities which result in transformation of natural products into other forms by manufacturing. 2. It produces manufactured goods like cloth, sugar, bricks etc. 3. It is also called the industrial sector as this sector has come to be associated with different kinds of industries. 4. Examples of secondary sector activities are manufacturing and construction. 1. it includes those activities that in the development of the primary & secondary sectors by supporting the production process. 2. It does not produce goods but generates services like transportation, communication, basting etc. 3. It is also called the service sector as this sector generates services rather than goods. Examples of tertiary sector activities are banking, insurance, finance etc.

2 Interdependence of the primary, secondary & tertiary sectors Why the primary sector is called so? This is because it forms the base for all other products that we subsequently make. Why the secondary sector is called so? This is because it is the second step after primary. It includes activities in which natural product are changed into other forms through manufacturing that is associated with industrial activity. Does the tertiary sector include only these services that help in the production of goods? No. The Tertiary sector also includes some essential services that may not help directly in the production of goods. It includes some personal service providers like washer men, barbers, cobblers, maids etc. & teachers, doctors etc. This sector also includes certain new services based on information technology like cyber cafes, ATM booths, call centers, software companies. Comparing the three sectors Each of the three sectors (primary, secondary & tertiary) produces a large number of goods and services. To know the total production in any one of the three sectors, we need to count the goods and services that are produced. This counting of goods and services involves two problems: a) There are too many goods and services produced. So, counting them could be a difficult task. b) We cannot add cars furniture, computers etc. together to arrive at a total figure. The first problem makes the process of counting a bit difficult. But its not impossible to count all the goods and services produced. The second problem can be overcome by adding the values of goods and services produced rather than the actual numbers. Value = price quantity E.g. if 10,000kgs of wheat is sold at Rs 8 per kg, then value of wheat will be Rs. 80,000


Similar questions