Different Sectors of Economy

Transcript

Different Sectors of Economy There are main 3 sectors Primary Sector Secondary Sector Tertiary Sector Primary Sector It refers to those production units which are involved in exploiting or using natural resources Example - Farming Sector, Mining Sector Secondary Sector It refers to those sectors which are involved in transforming or converting one good into another These convert Raw Material into Finished Goods Tertiary Sector It refers to those sectors which provide services to both primary and secondary sector Example - All Service sectors like transportation, accountancy, education etc Gross Value of each Sector is added to get Gross Domestic Product at Market Price NCERT Questions No questions in this part Other Books Question 1 How is Gross Domestic Product at Market Price calculated from Gross Value of each sector? -a- Gross Value of each Sector is added to get Gross Domestic Product at Market Price -ea-