File Name: primary secondary and tertiary sectors of indian economy .zip
The tertiary sector of the economy , generally known as the service sector , is the third of the three economic sectors of the three-sector theory. The others are the secondary sector approximately the same as manufacturing , and the primary sector raw materials. The service sector consists of the production of services instead of end products. Services also known as "intangible goods" include attention, advice, access, experience, and affective labor.
Problems faced by farming sector. The rest are workers in the public sector, while his profession is part of the private sector. Place of work. People working on the street, construction workers, domestic workers. Working in small workshops usually not registered with the government. Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how. The classification of economic activities into primary, secondary and tertiary is useful on account of the information it provides on how and where the people of a country are employed.
The knowledge that the agricultural profession is becoming unpopular or regressive can only come if we know which sector it belongs to. Hence, it is necessary to classify economic activities into these three basic sectors for smooth economic administration and development.
For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? A focus on employment and GDP helps determine two important things—per capita income and productivity. Hence, in each of the three sectors, employment rate and status as well as its contribution to the GDP help us understand how that particular sector is functioning and what needs to be done to initiate further growth in it.
Make a long list of all kinds of work that you find adults around you doing for a living. In what way can you classify them? Explain your choice. The tertiary sector is different from the other sectors because it does not manufacture or produce anything. For this reason, it is also known as the service sector.
It aids the primary and secondary sectors in development. The tertiary sector involves services like transport, storage of goods, communications, banking and administrative work. What do you understand by disguised unemployment?
Explain with an example each from the urban and rural areas. Disguised unemployment is a form of underemployment where one has a job but the work is divided. It is not apparent as compared to someone without a job who is clearly unemployed. In rural areas, this can be seen in the farming community where all members of a family might be working on a farm even though so many hands are not required.
They do so because of lack of another job. In urban areas, disguised unemployment can be seen in the service sector where painters, plumbers, repair persons and those doing odd jobs have work but they may not find daily or regular employment. Open unemployment is when a person has no job in hand and does not earn anything at all. Disguised unemployment, on the other hand, is mostly found in the unorganised sector where either work is not consistently available or too many people are employed for some work that does not require so many hands.
This is the essential difference between open unemployment and disguised unemployment. Give reasons in support of your answer. This statement is not true.
The tertiary sector has contributed vastly to the Indian economy, especially in the last two decades. Service sector in India employs two different kinds of people. Who are these? These are primary and ancillary workers. Primary workers include those who directly provide services while ancillary workers are composed of those who give services to the service providers.
For example, consultants make available their services to consultancy firms etc. Workers are exploited in the unorganised sector. Do you agree with this view? I agree with this view. The unorganised sector does not offer any job security. Workers can be easily exploited in this scenario.
On the basis of employment conditions, activities in the economy are classified as organised and unorganised. The organised sector offers job security and employment benefits, while the unorganised sector is marked by low wages and lack of job security. In rural areas, the unorganised sector comprises landless agricultural labourers, sharecroppers and artisans. In urban areas, this group contains small-scale industry workers, construction workers, street vendors, rag-pickers, etc.
The employment conditions prevailing in the organised and unorganised sectors are vastly different. The organised sector has companies registered with the government and hence, it offers job security, paid holidays, pensions, health and other benefits, fixed working hours and extra pay for overtime work.
On the other hand, the unorganised sector is a host of opposites. There is no job security, no paid holidays or pensions on retirement, no benefits of provident fund or health insurance, unfixed working hours and no guarantee of safe work environment. The objective of implementing the NREGA was to provide days of guaranteed employment to those people in rural India who can work, and are in need of work.
This Right to Work has been implemented in districts. If the government is unable to provide this employment, then it has to give unemployment allowances to the people. Using examples from your area compare and contrast the activities and functions of private and public sectors. Well-managed organisation. Give a few examples of public sector activities and explain why the government has taken them up.
A few examples of public sector activities are provision of water, electricity and some modes of transport. The government has taken these up because water and power are needed by everyone.
If the work of providing electricity and water is left to private enterprises, the latter might exploit this opportunity and sell these at rates which the masses cannot afford. Hence, to ensure that basic amenities like water and power are available for all, the government supplies these at low and affordable rates. Explain how public sector contributes to the economic development of a nation.
The public sector contributes to the economic development of a nation by not mere financial profits. The public sector plays a vital role in contributing to the Human Development Index via its functioning in health and education services.
It utilises taxes and grants to pay for the same. Thus, it plays a vital role in adding to the economic development of a nation, based on its human development situation. The workers in the unorganised sector need protection on the following issues: wages, safety and health. Explain with examples. In the construction sector, labourers are employed on a daily basis.
Hence, they have no job security. Here, wages too differ from time to time. Consequently, the government has set up a minimum wages act to protect such workers from economic exploitation.
The same problem exists for miners working in private mining companies. Most companies in the unorganised sector do not provide health insurance to their employees. These workers need to be protected against the tyranny of the employer, and it is here that the government steps in. A study in Ahmedabad found that out of 15,00, workers in the city, 11,00, worked in the unorganised sector. The total income of the city in this year was Rs 60, million. Out of this Rs 32, million was generated in the organised sector.
Present this data as a table. What kind of ways should be thought of for generating more employment in the city? Ways to generate more employment in the city of Ahmedabad have to be provided by the government, especially in the unorganised sector.
More companies need to be brought under the roof of the organised sector so that workers from the unorganised sector are attracted to jobs there, with higher and more secure wages. For this, the government must provide loans and aid to companies transferring from unorganised to organised sectors. Answer: i Employment in the service sector has not increased to the same extent as production. Question 2: Choose the most appropriate answer.
Answer: a iii b i c ii d iii. Unirrigated land a Setting up agro-based mills 2. Low prices for crops b Cooperative marketing societies 3. Debt burden c Procurement of food grains by government 4.
No job in the off season d Construction of canals by the government 5. Compelled to sell their grains to the local traders soon after harvest e Banks to provide credit with low interest. Unirrigated land d Construction of canals by the government 2. Low prices for crops c Procurement of food grains by government 3. Debt burden e Banks to provide credit with low interest 4. No job in the off season a Setting up agro-based mills 5. Compelled to sell their grains to the local traders soon after harvest b Cooperative marketing societies.
Question 4: Find the odd one out and say why. Question 5: A research scholar looked at the working people in the city of Surat and found the following.
What are the sectors of the economy? Higher services under tertiary activities are again classified into quaternary and quinary activities. Let us first understand the differences between the different sectors of the economy, so that it will be easier for us to understand the factors responsible for the location of primary, secondary, and tertiary sector industries in various parts of the world including India. It, thus includes hunting and gathering, pastoral activities, fishing, forestry, agriculture, and mining and quarrying. Take a Free Test. Tertiary activities include both production and exchange.
For a developing country like India where socio-economic problems such as poverty, unemployment and inequality influence policy decisions, it becomes important to study inter-linkages among the constituent sectors so that positive growth impulses emerging among the sectors could be identified and fostered to sustain the growth momentum. An in-depth understanding of inter-sectoral dynamics becomes all the more important for policy makers so that effective monetary, credit and fiscal policies could be designed in order to be able to achieve the broader objective of inclusive development. In this backdrop, the present paper endeavors to study inter-sectoral linkages in the Indian economy both through input-output I-O approach and econometric exercises using co-integration and state-space models. Co-integration analysis is carried out both at sectoral and sub-sectoral levels since mids.
Primary Sector is directly dependent on environment for manufacture and production. For example, agriculture, mining, farming etc. Secondary Sector adds value to the produ by transforming raw materials into valuable products. For example, processing and construction industries.
A clear understanding of Indian Economy can help you in more than one way. The increasing demand due to its population makes the country a good market. Sectors projected to do well in the coming years include automotive, technology, life sciences and consumer products.
Formulae Handbook for Class 10 Maths and Science. Page 35 Q1: Fill in the blanks using the correct option given in the bracket:. Answer: i Employment in the service sector has not increased to the same extent as production. Q2: Choose the most appropriate answer. Answer: a iii b i c ii d iii. Q6: Do you think the classification of economic activities into primary, tertiary, and secondary is useful?
The sector contributed GVA at basic prices at current prices in the second quarter of is estimated at Rs. The Government of India recognises the importance of promoting growth in services sector and provides several incentives across a wide variety of sectors like health care, tourism, education, engineering, communications, transportation, information technology, banking, finance and management among others. The Government of India has adopted few initiatives in the recent past, some of these are as follows:. Services sector growth is governed by domestic and global factors. The implementation of the Goods and Services Tax GST has created a common national market and reduced the overall tax burden on goods.
Secondary. Tertiary (Service). Source: Economic Survey (various issues). Therefore, the primary sector is gradually.
Problems faced by farming sector. The rest are workers in the public sector, while his profession is part of the private sector. Place of work. People working on the street, construction workers, domestic workers. Working in small workshops usually not registered with the government. Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
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До смерти напуганный, Двухцветный замотал головой: - Нет. - Viste el anillo. Ты видел кольцо.
К рабочему кабинету Стратмора, именуемому аквариумом из-за стеклянных стен, вела узкая лестница, поднимавшаяся по задней стене шифровалки. Взбираясь по решетчатым ступенькам, Сьюзан смотрела на массивную дубовую дверь кабинета, украшенную эмблемой АНБ, на которой был изображен могучий орел, терзающий когтями старинную отмычку. За этой дверью находился один из самых великих людей, которых ей довелось знать. Пятидесятишестилетний коммандер Стратмор, заместитель оперативного директора АНБ, был для нее почти как отец.
Молодой лейтенант пустил туда Беккера по распоряжению севильской гвардии - похоже, у этого приезжего американца имелись влиятельные друзья. Беккер осмотрел одежду.
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After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in.Florence B. 25.12.2020 at 13:45
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