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प्रश्न
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
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उत्तर
Yes, it is widely agreed that the division of economic activities into primary, secondary, and tertiary sectors has utility. The classification of an economy by sector reveals that there are three categories of economic activities. Agriculture, dairy, and mining are some examples of primary sector industries. Every economy relies on all of these resources for sustenance or income. We know that land is a natural resource, but it is also limited. That is why we should increase our involvement in construction and industrial activity. As a result, the secondary sector is regarded as equally significant. Transportation, communication, finance, insurance, and other services are necessary to support primary and secondary education. All of these services are offered by the tertiary sector. Thus, we can conclude that the categorisation of economic activities into primary, secondary, and tertiary sectors has significant utility.
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संबंधित प्रश्न
Fill in the blanks using the correct option given in the bracket:
Cotton is a ______ product and cloth is a ______ product. (natural/manufactured)
Find the odd one out and say why.
Postman, cobbler, soldier, police constable
How is the tertiary sector different from other sectors? Illustrate with a few examples.
Which of the following activities does not belong to the primary sector?
Which sector has emerged as the largest producing sector in India? Select one from the following alternatives:
Identify the natural product from the list of items given below:
Which among the following was the largest employer in the year 2003?
More than half of the workers in the country are working in which of the primary sectors:
Workers in the agricultural sector are:
Good produced by exploiting natural resources belong which of the following sectors:
The sector which covers activities in which natural products are changed into other forms through ways of manufacturing is called:
When we use sugarcane as raw material, we make:
Tertiary sector is also called:
Which one of the following pairs is correctly matched?
Which one of the following pairs is correctly matched?
Read the source given below and answer the questions that follow:
| For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. Now, what is the income of a country? Intuitively, the income of the country is the income of all the residents of the country. This gives us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income. In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US \$ 49,300 per annum and above in 2019, are called high income or rich countries and those with per capita income of US $ 2500 or less are called low-income countries. The rich countries, excluding countries of Middle East and certain other small countries are generally called developed countries. |
What are the classifications of countries based on per capita income, and which entity is responsible for determining these classifications?
