How is the tertiary sector different from other sectors illustrate with a few examples

NCERT Solutions for Class 10 Social Science Economics Chapter 2 – Sectors of the Indian Economy are available here in PDF format for free download. These accurate and reliable solutions are sure to provide you with the best learning experience. Read the best explained answers to excel in the subjects and score high in your board exams. NCERT Solutions Class 10 Social Science – Economics Chapter 2: Sectors of the Indian Economy 1. Fill in the blanks using the correct option given in the bracket: (i) Employment in the service sector _________ increased to the same extent as production. (has / has not) (ii) Workers in the _________ sector do not produce goods. (tertiary / agricultural) (iii) Most of the workers in the _________ sector enjoy job security. (organised / unorganised) (iv) A _________ proportion of labourers in India are working in the unorganised sector. (large / small) (v) Cotton is a _________ product and cloth is a _________ product. (natural / manufactured) (vi) The activities in primary, secondary and tertiary sectors are _________. (independent/interdependent) Answer: (i) has not (ii) tertiary (iii) organised (iv) large (v) natural (vi) interdependent 2. Choose the most appropriate answer. (a) The sectors are classified into public and private sector on the basis of: (i) employment conditions (ii) the nature of economic activity (iii) ownership of enterprises (iv) number of workers employed in the enterprise Answer: (iii) ownership of enterprises (b) Produc...

The tertiary sector is different from the other sectors because it does not manufacture or produce anything. For this reason, it is also known as the service sector. It aids the primary and secondary sectors in development. The tertiary sector involves services like transport, storage of goods, communications, banking and administrative work.

(ii) Workers in the _________ sector do not produce goods. (tertiary / agricultural) (iii) Most of the workers in the _________ sector enjoy job security. (organised / unorganised) (iv) A _________ proportion of labourers in India are working in the unorganised sector. (large / small) (v) Cotton is a _________ product and cloth is a _________ product. (natural / manufactured) (vi) The activities in primary, secondary and tertiary sectors are _________. (independent /interdependent) Answer (i) has not (ii) tertiary (iii) organised (iv) large (v) natural (vi) interdependent 2.Choose the most appropriate answer. (a) The sectors are classified into public and private sector on the basis of: (i) employment conditions (ii) the nature of economic activity (iii) ownership of enterprises (iv) number of workers employed in the enterprise ►(iii) ownership of enterprises (b) Production of a commodity, mostly through the natural process, is an activity in ______________ sector. (i) primary (ii) secondary (iii) tertiary (iv) information technology ► (i) primary (c) GDP is the total value of _____________ produced during a particular year. (i) all goods and services (ii) all final goods and services (iii) all intermediate goods and services (iv) all intermediate and final goods and services ► (ii) all final goods and services (d) In terms of GDP the share of tertiary sector in 2003 is _________ (i) between 20 per cent to 30 per cent (ii) between 30 per cent to 40 per cent (iii) between 5...

i) The tertiary sector is different from the other two sectors because the other sectors produce goods but this sector does not produce goods by itself. ii) Instead, the tertiary sector activities help in the development of the primary and secondary sectors. iii) These activities are an aid or support for the production process, e.g., transport, communication, storage, banking, insurance, trade activities etc. For this reason this sector is also known as service sector. "In the past 50 years, there has been a further shift from industry to service sector for developed countries. The service sector has become the most important sector in terms of total production. Most of the working people have also made a shift and are now employed in the service sector and most of the production activities are those of services and not manufactured goods. This is the general pattern observed in developed countries”. Is a similar pattern observed for India? Give your opinion? "In the past 50 years, there has been a further shift from industry to service sector for developed countries. The service sector has become the most important sector in terms of total production. Most of the working people have also made a shift and are now employed in the service sector and most of the production activities are those of services and not manufactured goods. This is the general pattern observed in developed countries. Is a similar pattern observed for India? Give your opinion?

• Tertiary sector is different from the primary and secondary sectors. • The activities of the tertiary sector help in the development of secondary and primary sectors. • Tertiary sector activities do not produce goods by themselves, but they support or aid the process of production in other sectors. • To help understand the above point, let us consider an example: the goods that are produced in the secondary sector and primary sector need to be transported to their destination through trains or trucks and then those products are sold in retail or wholesale shops. • To help in the trade or production, credit would be required, hence the need to borrow from banks would arise, and communication through phones or letters are also a necessity to complete the processes involved in production and trade. • After production, the need to store the produce in go downs or cold storage facilities will also arise. • From the above details one can conclude that examples of tertiary sector activities are trade, banking, communication, storage and , transportation. • Instead of producing goods, the tertiary sector is involved in generating services at various levels serving different purposes. Hence the tertiary sector is also known as the services sector. • However, the services sector also encompasses essential services which need not necessarily help in producing goods. Examples are doctors, lawyers, teachers, people in accounting and administrative services, services provided through ...

The tertiary sector different from other two sectors. This is because other two sectors produce goods but, this sector does not produce goods by itself. But the activities under this sector help in the development of the primary and secondary sectors. These activities are an aid or support for the production process. For example, transport, communication, storage, banking, insurance, trade activities etc. For this reason this sector is also known as service sector.

NCERT Solutions for Class 10 Economics Chapter 2 Sectors of the Indian Economy NCERT Solutions for Class 10 Social Science Economics Chapter 2 Sectors of the Indian Economy are provided here. With these solutions, you will learn the right way to write answers to the questions perfectly in exams. We have updated the Class 10 Social Science Economics Chapter 2 NCERT Solutions Question 1. Fill in the blanks using the correct option given in the bracket: (i) Employment in the service sector _________ increased to the same extent as production. (has / has not) (ii) Workers in the _________ sector do not produce goods. (tertiary / agricultural) (iii) Most of the workers in the _________ sector enjoy job security. (organised / unorganised) (iv) A _________ proportion of labourers in India are working in the unorganised sector. (large / small) (v) Cotton is a _________ product and cloth is a _________ product. (natural / manufactured) (vi) The activities in primary, secondary and tertiary sectors are _________. (independent / interdependent) Answer: (i) Employment in the service sector has not increased to the same extent as production. (ii) Workers in the tertiary sector do not produce goods. (iii) Most of the workers in the organised sector enjoy job security. (iv) A large proportion of labourers in India are working in the unorganised sector. (v) Cotton is a natural product and cloth is a manufactured product. (vi) The activities in primary, secondary and tertiary sectors are i...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master's in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. • The tertiary industry is the services sector of an economy, encompassing medical providers, educators, financial services, haircuts, and personal trainers, among many others. • The tertiary sector can be subdivided broadly into for-profit and nonprofit segments. • Economists have found that as a nation's economy grows and develops, the tertiary sector becomes larger while the primary sector that produces raw materials shrinks. • The service sector is now the largest sector of the global economy in terms of value-added and is especially important in more advanced economies. The term tertiary industry can be used to describe a single service-oriented organization or the industry segment as a whole. Examples of Tertiary Industry Organizations The tertiary industry provides services, as well as operational frameworks for business operations. This can include organizations involved in the shipping and Investopedia ...

The tertiary sector is different from the other sectors because it does not manufacture or produce anything. For this reason, it is also known as the service sector. It aids the primary and secondary sectors in development. The tertiary sector involves services like transport, storage of goods, communications, banking and administrative work.

i) The tertiary sector is different from the other two sectors because the other sectors produce goods but this sector does not produce goods by itself. ii) Instead, the tertiary sector activities help in the development of the primary and secondary sectors. iii) These activities are an aid or support for the production process, e.g., transport, communication, storage, banking, insurance, trade activities etc. For this reason this sector is also known as service sector. "In the past 50 years, there has been a further shift from industry to service sector for developed countries. The service sector has become the most important sector in terms of total production. Most of the working people have also made a shift and are now employed in the service sector and most of the production activities are those of services and not manufactured goods. This is the general pattern observed in developed countries”. Is a similar pattern observed for India? Give your opinion? "In the past 50 years, there has been a further shift from industry to service sector for developed countries. The service sector has become the most important sector in terms of total production. Most of the working people have also made a shift and are now employed in the service sector and most of the production activities are those of services and not manufactured goods. This is the general pattern observed in developed countries. Is a similar pattern observed for India? Give your opinion?