Introduction - Concepts - Chapter 2 Class 10 Economics - Sectors of the Indian Economy - Economics

Introduction 

Classification of the sectors of the Indian Economy

• Economy is the sum total of all the economic activities of a society. It refers to the system of earning a livelihood to satisfy human wants.
• A sector is an area of the economy where enterprises engage in the same type of activity , offer a similar product or service, or both.
• Sectors of the Indian economy are grouped into various categories
• On the basis of economic activities- Primary, Secondary and tertiary sector 
• On the basis of ownership - Public Sector and Private sector 
• On the basis of thei r registration with the Government /employment conditions - Organized and unorganized sector 
• These sectors contributes  in the growth of the Indian economy.