class 10 social science economic chapter 2

 Lesson No. 2 

Sectors of the Indian Economy 

Sector of Economic Activities 

 Primary Sector :

 When we produce a good by exploiting natural resources. It is an activity of the primary sector also known as agriculture and related sector.

 Secondary Sector : Natural products are changed into others forms through ways of manufacturing. Also known as Industrial sector. 

Tertiary Sector : These activities , by themselves, do not produce a good but they are an aid or a support for the production process. Also known as service sector. 

Gross Domestic Production : the total value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. 

Rising importance of the Tertiary Sector : - In any country several services such as hospitals, educational institution, defence, transport, banks etc. are required. - The development of agriculture and industry leads to the development of services such transport, banks are required. - The development of agriculture and industry lends to the development of services such as transport, trade, storage. - As income levels rise, certain sections of people start demanding many more services like tourism, shopping, private hospitals and private schools etc. - Over the past decade or so certain new services such as those based on information and communications technology.

 Disguised unemployment : More people engaged in than the people required for work. People do less work than their efficiency.

 National Rural Employment Guarantee Act 2005 - 100 days work guarantee in year by the government. - If government fails in its duty to provide employment. It will give unemployment allowances. - Types of work given to improve production of land.

 Organised Sector : - Terms of employment are regular - Registered by government- Follows various rules and regulations - It has some formal processes and procedures.

 Unorganised Sector : - Small and scattered units which are largely outside the control of the government. - There are rules and regulations but these are not followed. - Employment is not secure.