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Question
How is the tertiary sector different from other sectors? Illustrate with a few examples.
Solution
- 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.
- It aids the primary and secondary sectors in development. The tertiary sector involves services like transport, storage of goods, communications, banking and administrative work.
- 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.
- Additionally, this sector creates more jobs than the other two combined.
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Study the following picture. The work done in the picture comes under which one of the following sectors of the economy?
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. |
- Explain the significance of per capita Income.
- What are the classifications of countries based on per capita income, and which entity is responsible for determining these classifications?"
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. |
What are the classifications of countries based on per capita income, and which entity is responsible for determining these classifications?
Read the source given below and answer the questions that follow:
Maharashtra is a state located in western India, with a population of over 110 million people. The state is home to several large cities, including Mumbai, and has a significant agricultural sector. However, the state is facing a severe water crisis, with its water resources coming under increasing pressure due to climate change, industrialization, and urbanization. The main challenges faced by water resource management in Maharashtra are:
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- Mention any two reasons for the water crisis faced by the state of Maharashtra.
- Propose any one solution to mitigate the water crisis faced by Maharashtra state.
- Despite being the second highest rainfall-receiving state of the country, Maharashtra still faces water crisis. Substantiate this statement in 40 words.