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Audio Notes: अर्थव्यवस्था की गतिविधियाँ एवं क्षेत्र Video Lecture | यूपीएससी सीएसई के लिए भूगोल (Geography) - UPSC

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FAQs on Audio Notes: अर्थव्यवस्था की गतिविधियाँ एवं क्षेत्र Video Lecture - यूपीएससी सीएसई के लिए भूगोल (Geography) - UPSC

1. What are the primary sectors of the economy?
Ans. The economy is typically divided into three primary sectors: the primary sector, which involves the extraction and harvesting of natural resources (such as agriculture, forestry, fishing, and mining); the secondary sector, which encompasses manufacturing and industrial activities (including construction and production of goods); and the tertiary sector, which provides services (such as healthcare, education, retail, and entertainment). Each sector plays a crucial role in economic development and contributes to the overall functioning of an economy.
2. How does the structure of the economy impact economic development?
Ans. The structure of the economy significantly influences economic development. A well-balanced economy with a diversified sectoral structure tends to be more resilient to shocks and fluctuations. For instance, economies that rely heavily on the primary sector may be vulnerable to commodity price changes, while those with a strong tertiary sector may experience more stable growth due to the demand for services. Additionally, the transition from primary to secondary and tertiary sectors often indicates industrialization and urbanization, leading to improved living standards and higher income levels.
3. What role do small-scale industries play in the economy?
Ans. Small-scale industries (SSIs) play a vital role in the economy by contributing to employment generation, fostering entrepreneurship, and promoting equitable distribution of income. They typically require lower capital investment, which makes them accessible to a larger segment of the population. SSIs also enhance regional development and can be instrumental in innovation and technology transfer, thereby boosting the competitiveness of the economy. Additionally, they often serve as a backbone for larger industries by supplying components and services.
4. What is the significance of the informal sector in the economy?
Ans. The informal sector is significant as it provides employment opportunities, especially in developing economies, where formal job opportunities may be limited. This sector includes various activities that are not regulated by the government, such as street vending, domestic work, and small-scale manufacturing. While it contributes to economic activity and livelihoods, the informal sector often lacks protections and benefits for workers, which can lead to issues like job insecurity and inadequate working conditions. Understanding this sector is essential for creating effective policies that promote inclusive growth.
5. How do government policies influence different sectors of the economy?
Ans. Government policies significantly influence various sectors of the economy through regulations, taxation, subsidies, and investment. For example, agricultural policies may include subsidies for farmers to boost production, while industrial policies might focus on promoting manufacturing through tax incentives. Additionally, environmental regulations can impact the primary sector by requiring sustainable practices. Overall, effective government policies can stimulate growth, create jobs, and foster innovation across sectors, while poorly designed policies can lead to inefficiencies and hinder economic progress.
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Audio Notes: अर्थव्यवस्था की गतिविधियाँ एवं क्षेत्र Video Lecture | यूपीएससी सीएसई के लिए भूगोल (Geography) - UPSC

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Audio Notes: अर्थव्यवस्था की गतिविधियाँ एवं क्षेत्र Video Lecture | यूपीएससी सीएसई के लिए भूगोल (Geography) - UPSC

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Audio Notes: अर्थव्यवस्था की गतिविधियाँ एवं क्षेत्र Video Lecture | यूपीएससी सीएसई के लिए भूगोल (Geography) - UPSC

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