☰
Sectors of the Indian Economy
Using examples from your area compare and contrast the activities and functions of private and public sectors.
Private Sector:
(i) Ownership of assets and delivery of services is in the hands of private individuals or companies.
(ii) This sector is guided by the motive to earn more and more profits.
(iii) Services of this sector can be obtained only on payment hence, the poor people can not afford services of this sector.
(iv) This sector does not render services of public utility.
Example : TISCO, Reliance Petrochemicals, Modi Tyres, Bajaj Scooters, Berger Paints.
Public Sector :
(i) The government owns assets and takes responsibility to deliver services.
(ii) This sector is not guided by profit motive.
(iii) It invests funds to construct structures and infrastructure of public utility e.g. construction of roads, bridges, railways, harbours, generation of electricity, construction of dams, school and college buildings etc.
(iv) All citizens of a country use and obtain services produced by this sector unconditionally.
(v) It collects funds for investment indirectly through taxes on people having certain income and capable to pay them.
Example : Post and telegraph, Railways, C.P.W.D.
Sponsor Area
The sectors are classified into public and private sectors on the basis of:
Production of a commodity, mostly through the natural process, is an activity in __________ sector.
GDP is the total value of _______ produced during a particular year.
In terms of GDP the share of tertiary sector in 2010-2011 is ____________.
Match the following:
Find the odd one out and say, why.
(i) Tourist guide, dhobi, tailor, potter
(ii) Teacher, doctor, vegetable vendor, lawyer.
(iii) Postman, cobbler, soldier, police constable.
(iv) MTNL, Indian Railways, Air India, Sahara Airlines, All India Radio.
A research scholar looked at the working people in the city of Surat and found the following:
|
Place of work |
Nature of employment |
Percentage of working people |
|
1. In offices and factories registered with the government |
Organised |
15 |
|
2. Own shops, office, clinics in marketplaces with formal license |
15 |
|
|
3. People working on the street, construction workers, domestic workers |
20 |
|
|
4. Working in small workshops usually not registered with the government |
Complete the table. What is the percentage of workers in the unorganised sector in this city?
Do you think the classification of economic activities into primary, secondary and tertiary sectors is useful? Explain, how?
For each of the sectors that we came across in this chapter, why should one focus on employment and G.D.P.? Could there be other issues which should be examined? Discuss.
Make a long list of all kinds of work that you find adults around you doing for a living. In what way can you classify them? Explain your choice.
Sponsor Area
Sponsor Area