Why is it necessary to compare sectors Related: NCERT Solution, Sectors of the Indian Economy, Class 10 SST

Question

Why is it necessary to compare sectors Related:  NCERT Solution, Sectors of the Indian Economy, Class 10 SST

Answer

It is necessary to compare sector because of many reasons as
1) it informs about different contribution of companies in national economy
2) it informs the current dependency of people is in which sector
3) it also informs which sector is contributing the largest in our national economy

Answer

Introduction

Comparing sectors of the Indian economy is necessary to understand their contribution to the economy and the employment opportunities they provide. It helps in identifying the strengths and weaknesses of each sector and in devising strategies to promote their growth.

Identifying the dominant sector

Comparing sectors helps in identifying the dominant sector of the economy. The dominant sector is the one that contributes the largest share to the GDP and provides the maximum employment opportunities. In India, the dominant sector has shifted from agriculture to services over the years.

Understanding the interdependence of sectors

Sectors of the economy are interdependent on each other. For example, agriculture provides raw materials to industries, which in turn provide goods and services to the people. Comparing sectors helps in understanding this interdependence and in identifying the linkages between them.

Identifying growth potential

Comparing sectors helps in identifying the growth potential of each sector. For example, the service sector has a higher growth potential than the agriculture sector due to its ability to innovate and adapt to changing market conditions.

Identifying employment opportunities

Comparing sectors helps in identifying the employment opportunities each sector provides. For example, while agriculture employs the largest number of people in India, it provides low-paying jobs. On the other hand, the service sector provides high-paying jobs but employs a smaller number of people.

Conclusion

In conclusion, comparing sectors of the Indian economy is necessary to understand their contribution to the economy, their interdependence, growth potential, and employment opportunities. It helps in devising strategies to promote their growth and in ensuring that the benefits of economic growth are shared equitably.

Answer

It is necessary to compare sectors for the following reasons
1. As it tell us about econmical strength of a country.
2.It brings out various limitation of country and gave us chance to improve conditions of country and foster developement.
3.By comparing sectors we strengthen economical strength of country .

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