Key Concepts: Chapter 2 – Sectors Of The Indian Economy, Class 10, SST | EduRev Notes

Social Studies (SST) Class 10

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Class 10 : Key Concepts: Chapter 2 – Sectors Of The Indian Economy, Class 10, SST | EduRev Notes

The document Key Concepts: Chapter 2 – Sectors Of The Indian Economy, Class 10, SST | EduRev Notes is a part of the Class 10 Course Social Studies (SST) Class 10.
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  1. All activities that give an income in return are called economic activities. Example, people going for work in factories, banks, schools, etc.
  2. Economic activities can be classified into different sectors on the basis of nature of work.
  3. Primary sector: Goods which are produced by exploiting natural resources come under the category of primary sector. This sector is also called as agriculture and related sector, e.g. - cotton.
    Key Concepts: Chapter 2 – Sectors Of The Indian Economy, Class 10, SST | EduRev NotesFig: Primary Sector of Economy
  4. Secondary sector: Transformation of one good into another comes under the category of secondary sector. Manufacturing is one of the important components of this sector.
    Example: Transformation of sugarcane into sugar.
  5. Tertiary sector: All production units producing services which help in the development of primary and secondary sectors come under the category of tertiary sector. This is also known as service sector.
    Example– Services given by doctors, teachers, lawyers etc.
  6. These three sectors are highly interdependent on one another. This can be explained with the help of an example : Farmers buy goods such as tractors, pump sets, fertilizers (manufacturing sector) to produce agricultural goods (primary sector).This shows dependence of primary sector on secondary sector. Now farmers want to sell their output. For this, they need transport facilities. It shows dependence of primary sector on tertiary sector.
    Key Concepts: Chapter 2 – Sectors Of The Indian Economy, Class 10, SST | EduRev NotesFig: The Circular flow chart depicting dependency of 3 sectors
  7. There are thousands of goods and services produced in an economy. We cannot add different types of goods in practice. So the value of these goods and services should be used rather adding up the actual numbers. Comparison can be done among these three sectors on the basis of value of final goods and services produced.
  8. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year and the sum of production in these sectors gives us gross domestic product (GDP) of a country.
  9. Tertiary sector has emerged as the largest sector because it helps in the development of primary and secondary sectors.
  10. Several services such as hospitals, banks, insurance companies, transport, educational institutions are the basic services which are required by primary and secondary sectors for their normal functioning.
  11. Organised sector covers those enterprises or places of work where the terms of employment are regular. They are registered by the government and have to follow its rules and regulations. Therefore people have job security.
  12. Unorganized sector covers small and scattered units which are largely outside the control of the government. There are rules and regulations but they are generally not being implemented by the unorganized sector. Employment is not secure in the unorganized sector.
  13. In unorganized sector protection and support is required for the workers for their economic and social development. Besides getting irregular and low paid work, they also face social discrimination.
  14. Public sector is the sector which is owned, controlled and managed by the government. Activities in the government sector are guided by the motive of social welfare and not to earn profit.
  15. In private sector ownership of production units is in the hands of private individuals. Activities in the private sector are mainly guided by the motive to earn profit. Example : TISCO and RIL.
  16. Employment is an activity from which a person earns the means of living, i.e. income in cash or in kind.
  17. Unemployment refers to a situation where the persons who are able to work and are willing to work, fail to secure work.
  18. Underemployment is a situation in which a worker gets work for less time than the time he can work. In other words, he remains unemployed for some months is a year or some hours everyday.
  19. There was a big change in the share of three sectors in G.D.P. (from 1973 to 2000) but data show that such similar shift has not been taken place in terms of employment.
    In secondary sector output went up by 8 times but in terms of employment it rose up by only 2.5 times.
    In tertiary sector output went up 11 times whereas employment rose up 3 times.
  20. Government can create more employment opportunities by providing better infrastructure such as roads, dams, canals etc. Further, this can be enhanced by providing services like banks, transport and communication.
    Set up industries that process vegetables and agricultural produce like potatoes, rice, wheat, tomato, fruits which can be sold in outside markets. This will provide employment in industries located in semi-rural areas.
  21. Mahatma Gandhi National Rural Employment Guarantee Act-2005 ( NREGA -2005) This act is implemented as “Right to Work” in all the 604 districts of India.
    Key Concepts: Chapter 2 – Sectors Of The Indian Economy, Class 10, SST | EduRev NotesFig: Women employed under NREGA for de-silting a tank  Under this act, all those who are able to work and are in need of work have been guaranteed 100 days of employment in a year by the government. However, only one person per family is entitled to this benefit.

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