Why there is a mismatch between shift in employment and GDP from primary to secondary to tertiary sector?
Answers
All these sectors are dependent on each other either directly or indirectly. Primary sector deals with raw materials, secondary sector deal with manufacturing and ofcource tertiary sector with service. Hence all contribute to the Gdp of a country.
For instance take iron, this raw material can be produced into steel, this steel will futher be manufactured into cars and other goods right? Similarly tertiary sector provide service of various kinds like bpo, kpo etc. So all these sector require investment,capital, staff, technical expert and management alright. If they are devoid of these basic needs for growth, it will result in slow down to these sectors because of less economic activity or contribution. Thus this will affect the overall gdp of the country. Thanks!