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Why do each of the sectors focus on employment and gdp what other issues should be examined
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Why do each of the sectors focus on employment and gdp what other issu...
The commons goals of the Five year plans are GDP growth and full employment and they help monitor and check the most important aspects of economic development like productivity, per capita, contribution to GDP and changes in employment rate. They also help to take necessary steps to improve upon and act for further development of the country's economy. The other issues which matter are : equitable distribution of wealth among people, balanced regional development, eradication of poverty, self reliance, achieving surplus food production, adapting to modern technology.
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Why do each of the sectors focus on employment and gdp what other issu...
Why do each of the sectors focus on employment and GDP? What other issues should be examined?


Introduction

The economy of any country is made up of different sectors, including the agricultural, industrial, and service sectors. These sectors contribute to the country's overall Gross Domestic Product (GDP) and employment rate. In this response, we will examine why each sector focuses on employment and GDP and other issues that should be examined.

Why do each of the sectors focus on employment and GDP?


Agricultural sector

The agricultural sector is responsible for the production of food and other crops. This sector contributes to the country's GDP and employment rate. The focus on employment and GDP in this sector is necessary because:

- The sector provides employment opportunities for a significant percentage of the population.
- The sector contributes to the country's GDP by producing crops for export and local consumption.
- The sector's growth can lead to the development of related industries, such as food processing and packaging.

Industrial sector

The industrial sector is responsible for the production of goods and products. This sector contributes to the country's GDP and employment rate. The focus on employment and GDP in this sector is necessary because:

- The sector provides employment opportunities for a significant percentage of the population.
- The sector contributes to the country's GDP by producing goods for export and local consumption.
- The sector's growth can lead to the development of related industries, such as transportation and logistics.

Service sector

The service sector is responsible for providing services to individuals and businesses. This sector contributes to the country's GDP and employment rate. The focus on employment and GDP in this sector is necessary because:

- The sector provides employment opportunities for a significant percentage of the population.
- The sector contributes to the country's GDP by providing services for export and local consumption.
- The sector's growth can lead to the development of related industries, such as tourism and hospitality.

What other issues should be examined?


Sustainability

The sustainability of each sector should be examined. The focus should be on ensuring that the resources used in production are not depleted, and the impact on the environment is minimized.

Income distribution

The income distribution in each sector should be examined. The focus should be on ensuring that the income generated by the sector is distributed fairly among all workers.

Technological advancements

The technological advancements in each sector should be examined. The focus should be on ensuring that the sector is keeping up with emerging technologies to remain competitive and efficient.

Infrastructure

The infrastructure supporting each sector should be examined. The focus should be on ensuring that the transportation, energy, and communication infrastructures are adequate to support the sector's growth.

Conclusion

In conclusion, each sector focuses on employment and GDP because they are critical indicators of the sector's performance. However, other issues such as sustainability, income distribution, technological advancements, and infrastructure should also be examined to ensure the sector's long-term growth and success.
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Why do each of the sectors focus on employment and gdp what other issues should be examined
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