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How is the tertiary sector different from other sectors? Illustrate with a few examples. - Social Science

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प्रश्न

How is the tertiary sector different from other sectors? Illustrate with a few examples.

थोडक्यात उत्तर

उत्तर

  1. The tertiary sector differs from the other sectors because it does not manufacture or produce anything. For this reason, it is also known as the service sector.
  2. It aids the primary and secondary sectors in development. The tertiary sector involves services like transport, storage of goods, communications, banking and administrative work.
  3. Tertiary sector support for the production process. For example, goods produced in the primary or secondary sector would need to be transported by trucks or trains and then sold in wholesale and retail shops.
  4. Additionally, this sector creates more jobs than the other two combined.
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Sectors of Economic Activities
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Sectors of the Indian Economy - Exercises [पृष्ठ ३६]

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एनसीईआरटी Social Science (Economics) - Understanding Economic Development [English] Class 10
पाठ 2 Sectors of the Indian Economy
Exercises | Q 9 | पृष्ठ ३६

संबंधित प्रश्‍न

Find the odd one out and say why.
Teacher, doctor, vegetable vendor, lawyer


Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.


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Which of the following types of activities are covered in the secondary sector?


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Who carries economic activities?


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Good produced by exploiting natural resources belong which of the following sectors:


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Which one of the following pairs is correctly matched?


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Which of the following sectors will be affected due to this situation stated above? 


Read the source given below and answer the questions that follow:

For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. Now, what is the income of a country? Intuitively, the income of the country is the income of all the residents of the country. This gives us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income. In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US \$ 49,300 per annum and above in 2019, are called high income or rich countries and those with per capita income of US $ 2500 or less are called low-income countries. The rich countries, excluding countries of Middle East and certain other small countries are generally called developed countries.
  1. Explain the significance of per capita Income.
  2. What are the classifications of countries based on per capita income, and which entity is responsible for determining these classifications?"

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