Do you think the classification of economic activities into primarysecondary and tertiary is useful? Explain .

Asked by arifansari | 31st Aug, 2015, 03:52: PM

Expert Answer:

Yes, classification of economic activities into primary, secondary and tertiary sector is useful as there are varieties of economic activities that are performed by the humans. In order to understand the nature of these activities and the role performed by the people in fulfilling these activities we need to classify these into the three sectors.

Further, the classification also helps us in ascertaining the contribution of each sector to the Indian economy. The government on these bases may also initiate reforms in a sector which according to it had not developed up to its full potential.

Answered by Tharageswari S | 31st Aug, 2015, 05:35: PM

Queries asked on Sunday & after 7pm from Monday to Saturday will be answered after 12pm the next working day.