What are the primary sectors of economic activities?

Agriculture, mining, fishing, and forestry.

Total value of final goods and services produced in a year.

What is the role of the tertiary sector in the economy?

Services aiding the development of primary and secondary sectors.

Basic services, technological advancements, and increased income leading to higher demand.

Providing timely seeds, agricultural inputs, loans, and storage facilities.

The economy is divided into primary, secondary, and tertiary sectors, with the tertiary sector being the largest contributor to India's GDP, driven by services like transportation and healthcare.
Government initiatives like MNREGA aim to address unemployment by providing employment opportunities in sectors like landless agriculture and small industries, highlighting the importance of public sector support in essential service provision to ensure accessibility and affordability for all citizens.

What are the primary sectors of economic activities?
Agriculture, mining, fishing, and forestry.
How is GDP measured?
Total value of final goods and services produced in a year.
What is the role of the tertiary sector in the economy?
Services aiding the development of primary and secondary sectors.
Why does the tertiary sector contribute significantly to the economy?
Basic services, technological advancements, and increased income leading to higher demand.
How does the government support workers in landless agriculture?
Providing timely seeds, agricultural inputs, loans, and storage facilities.

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Economics involves activities that generate income, such as agriculture, mining, fishing, and forestry.
Economic activities are classified into primary, secondary, and tertiary sectors based on nature and ownership.
The primary sector involves using nature directly to produce raw materials, contributing 20% to the economy.
The secondary sector transforms natural products into finished goods through manufacturing, involving industries like textile and sugar production.
The tertiary sector includes services that aid the development of primary and secondary sectors, such as transportation and healthcare.
GDP measures the total value of final goods and services produced in a country in a year, indicating the country's economic production.
India ranks fifth globally in terms of GDP, with the tertiary sector being the largest contributor to the economy.
The service sector's rapid growth is attributed to basic services, technological advancements, and increased income leading to higher demand for services.
Despite more people being employed in the primary sector, it contributes the least to GDP due to underemployment and lack of productivity.
Government initiatives like MNREGA aim to provide employment opportunities and alleviate unemployment issues, focusing on both short-term and long-term strategies.

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Government can support workers in landless agriculture by providing timely seeds, agricultural inputs, lawns, and storage facilities to ensure their productivity and security.
In urban areas, the government can assist small industries by offering cheap raw materials and marketing support, benefiting workers in construction, transportation, street vending, and garment making.
The government plays a crucial role in providing essential services like electricity, water, roads, and healthcare through the public sector, ensuring affordability and accessibility for all, as private companies may prioritize profit over public welfare.