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Conclusion
-
The methods for
classifying economic activities
into certain
significant categories
have been
examined
in this chapter.
-
One method is to determine whether the activity is related to the
primary, secondary, or tertiary sectors.
-
Goods and services generated in the tertiary sector contributed the most to GDP.
-
Efforts of
the
government
to
increase employment
in the country are also
discussed
.
-
Another classification
is
based on
whether an individual works in an
organized or unorganized sector.
- This chapter also focused on the classification of economic activities based on the public and private sectors
