The second chapter in Economics textbook is 'Sectors of the Indian Economy'.
In this chapter, 3 types of classifications of economy are explained i.e primary, secondary and tertiary.
Primary sector
When we produce goods by exploiting natural resources, it is an activity of the primary sector.
Secondary sector
It covers activities in which natural products are changed into other forms through ways of manufacturing, it is also called as industrial sector.
Tertiary sector
These are the activities that help in the development of the primary & secondary sector.
These activities by do not produce goods by themselves but they are an aid and support to the production process.
The topics discussed in this chapter are as follows:
- Sectors of Economic Activities
- Comparing the three sectors
- Division of sectors as organised and unorganised
- Sectors in term of ownership: Public and Private
- Responsibilities of Government
Students can view and download the chapter from the link given below.
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Check out Frequently Asked Questions (FAQs) for Chapter 2: Sectors of Indian Economy
The sum of production in the three sectors gives the Gross Domestic Product of a country.
The major factor is the necessity of basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts etc.
This kind of under-employment is hidden in contrast to someone who does not have a job and is clearly visible as unemployed. Hence it is called disguised unemployment.
Under NREGA – National Rural Employment Guarantee Act 2005, all those who are able to, and are in need of work, have been guaranteed 100 days of employment in a year by the government.