Q6: Do you think the classification of economic activities into primary, tertiary, and secondary is useful? Explain how.

user image

Dileep Vishwakarma

2 years ago

Yes, classification of economic activities into primary, secondary and tertiary sector is useful as it helps in estimating the relative importance in the growth in GDP of the economy. Classifying in such a way helps in calculating how much goods and services are produced and how many people work in each sector.

Recent Doubts

Close [x]