Let us suppose that one hectare of wheat can provide employment to two people for 50 days (including sowing, watering, fertiliser application and harvesting). Take, for example, the cultivation of cotton. The primary, secondary and tertiary sectors represent various business types and the goods they procure and sell in an economic setup. Why are only ‘final goods and services’ counted? VERY SHORT ANSWERS:- 1.Give one example of major economic activity. The following are the importance of primary sector in the Indian economy:(i) It is the base of livelihood of the most of the population. Even though industrial output or the production of goods went up by eight times during the period, employment in the industry went up by only 2.5 times. The biscuit company uses the flour and things such as sugar and oil to make four packets of biscuits. A study conducted by the erstwhile Planning Commission (now known as NITI Aayog) estimates that nearly 20 lakh jobs can be created in the education sector alone. This could lead to a lot of employment generation within the agricultural sector itself reducing the problem of underemployment. (2) The causes for tertiary sector becoming important sector in India by replacing the primary sector are as follows: , Concept of welfare state and basic services : In a modern welfare state such as India, the basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, transport, banks and insurance companies are required. CBSE Class 10 Maths Important Questions with Solutions for Board Exam 2021 Extra Question for CBSE Class 10 Science (with Answers) - All Chapters Top … (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. 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. Greater the development of the primary and secondary sectors, more would be the demand for such services. The development of new services such as information technologies along with the BPO’s, has become an integral part of the economy. This is because it forms the base for all other products that we subsequently make. Every state or region has potential for increasing the income and employment for people in that area. There is no provision for overtime, paid leave, holidays, leave due to sickness, etc. The secondary and tertiary sector have failed to create enough jobs. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Ans. Economic activities are broadly grouped into primary, secondary, tertiary activities. Government can provide cheap and affordable basic services like education, health, food to these workers. Manufacturing is about 10%, and the service sector 78%. How do we count the various goods and services and know the total production in each sector? The unorganised sector is characterised by small and scattered units, which are largely outside the control of the government. Ask your doubts related to Maths, Science or Social Science in Discussion Forum and get the answers from many users. Third, as income levels rise, certain sections of people start demanding many more services like eating out, tourism, shopping, private hospitals, private schools, professional training etc. Also, it has to ensure that these facilities are available for everyone. Sector of Economic Activities. Can see this change quite sharply in cities, especially small-scale units, especially in cities! Full syllabus please contact us on 8287971571 or 0261-4890014 in about 625 districts India. 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