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Sectors of the Indian Economy
Explain how public sector contributes to the economic development of a nation.
The public sector contributes to the economic development of a nation in the way explained below:
(i) Public sector raises money through taxes and other ways to meet expenses on the services like construction of roads, bridges, railways etc. for all people of India.
(ii) Goverment runs railways, shipping, aeroplanes, metro and local trains. The government undertakes heavy spending and ensure that such facilities are available for everyone.
(iii)The Government in India buys wheat and rice from farmers at a ‘fair price’. This it stores in its godowns and sells at a lower price to consumers through ration shops. The government has to bear some of the cost. In this way, the government supports both farmers and consumers
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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.
How is the tertiary sector different from other sectors? Illustrate with a few examples.
What do you understand by disguised unemployment? Explain with an example each from the urban and rural areas
Distinguish between open unemployment and disguised unemployment.
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