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Sectors of Economy Mind Map

The document discusses the organized and unorganized sectors of employment in India, highlighting the potential for tourism to create over 5 lakh jobs annually. It explains the characteristics of both sectors, the role of the tertiary sector in economic development, and the importance of services in the economy. Additionally, it notes that while the primary sector employs the majority of workers, the secondary and tertiary sectors contribute significantly to GDP.

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100% found this document useful (1 vote)
2K views5 pages

Sectors of Economy Mind Map

The document discusses the organized and unorganized sectors of employment in India, highlighting the potential for tourism to create over 5 lakh jobs annually. It explains the characteristics of both sectors, the role of the tertiary sector in economic development, and the importance of services in the economy. Additionally, it notes that while the primary sector employs the majority of workers, the secondary and tertiary sectors contribute significantly to GDP.

Uploaded by

idev2057
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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The same study by the Planning Commission says that if

The organised sector covers those


tourism as a sector is improved, every year we can give
places of work where the terms of
additional employment to more than 5 lakh people. Under
employment are regular and therefore, The sector that covers activities in which
MGNREGA 2005, all those who are able to, and are in need
people have assured work. It is called
of work are guaranteed 100 days of employment in a year natural products are changed into other
Organized. The Unorganized sector is
characterized by small and scattered
by the government. forms through ways of manufacturing that
units. Employment is not secure. we associate with industrial activity. There
How to Create More are activities that help in the development
Employment? of the primary and the secondary sector are
called Tertiary Setor. Since the se activities
Division of sector as Sector of Economic
generate services rather than goods, the
organized and activities
unorganized tertiary sector is also called the Service
Sector.

In the rural areas, the How to protect The various production activities in the
unorganized sector mostly
comprises of landless agriculture
workers in the
Sector of Indian primary, secondary and tertiary sectors
produce a very large number of goods and
labourers, small and marginal
farmers, sharecroppers and
unorganized
sector? Money and
Economy Credit services. Intermediate goods are used up in
producing final goods and services. The sum
artisans. In the urban areas, of production in the three sectors give's what
unorganized sector comprises Comparing three sector is called Gross Domestic Product (GDP) of the
mainly of workers in the small- country.
scale industry, casual workers in Sector in terms of
the construction, trade and Ownership: Public and
transport etc. private sector Rising Importance of the Tertiary Sector in
Production
Over the 40 years between 1971-72 and 2011-12,
Primary , secondary and while production in all the three sectors has
In the private sector, ownership of assets and Tertiary sector increased, it has increased the most in the tertiary
delivery of services is in the hands of private sector. Reason being (i) In any country several
individuals or companies. Collecting the services such as hospitals, educational institutions,
money from thousands of people who use etc., are required.
these facilities is not easy. (ii) The development of agriculture and industry
leads to the development of services such as
Where are most of the people employed? More than half of the transport, trade and storage.
workers in the country are working in the primary sector, mainly in (iii) As income levels rise, certain sections of
agriculture, producing only a quarter of the GDP. The secondary people start demanding like eating out, tourism,
and tertiary sectors produce three-fourth of the produce whereas shopping, etc.(iv) Over the past decade, certain
they employ less than half the people. new services such as IT, BPO, KPO have become
important and essential
MOST IMPORTANT QUESTIONS

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