Commerce Exam > Commerce Videos > Economics Class 12 > Sectors of Economy: General View
Sectors of Economy: General View Video Lecture | Economics Class 12 - Commerce
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FAQs on Sectors of Economy: General View Video Lecture - Economics Class 12 - Commerce
| 1. What is the definition of sectors of the economy? |  |
Ans. Sectors of the economy refer to the different categories or divisions in which economic activities are classified. These sectors are based on the type of goods or services produced and the nature of the economic activity involved.
| 2. How many sectors are there in the economy? | |
Ans. The economy is typically divided into three main sectors: the primary sector, the secondary sector, and the tertiary sector. The primary sector includes activities related to natural resources, such as agriculture, mining, and forestry. The secondary sector involves manufacturing and construction, while the tertiary sector encompasses services, such as retail, finance, and tourism.
| 3. What is the role of the commerce sector in the economy? | |
Ans. The commerce sector plays a crucial role in the economy by facilitating the exchange of goods and services. It includes activities such as trade, transportation, warehousing, and retail. Commerce helps connect producers and consumers, ensuring the efficient distribution of goods and promoting economic growth.
| 4. How does the commerce sector contribute to employment? | |
Ans. The commerce sector is a significant source of employment opportunities. It creates jobs in various areas, including retail stores, logistics companies, transportation services, and wholesale trade. The sector's growth and expansion lead to increased job opportunities and contribute to overall economic development.
| 5. What are some examples of commerce activities? | |
Ans. Commerce activities encompass a wide range of economic transactions. Examples include buying and selling goods, importing and exporting, managing supply chains, operating retail stores, providing financial services, and conducting e-commerce. These activities involve different stakeholders, such as manufacturers, distributors, wholesalers, retailers, and consumers, all contributing to the commerce sector's functioning.
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Nov 23, 2024 Last updated |
Video Description: Sectors of Economy: General View for Commerce 2024 is part of Economics Class 12 preparation.
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