Question

Do you think the classification of economic activities into primary, secondary and tertiary sector is useful? Explain how.

Answer 1

i) Yes, classification of economic activities into primary, secondary and tertiary sector is useful as it helps in classifying the different occupations that are taken up by the people in the country and how much each sector contributes to the employment growth of the country.

ii) It helps in calculating how much goods and services are produced and how many people work in each sector.

iii) This type of classification helps in helps in finding the relevant areas of improvement and state of economic interdependence in globalized world. For example India is self reliant in primary and secondary sector but depends heavily on China in secondary sector.