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NCERT Class 10th Economics Chapter 2 Sectors of the Indian Economy notes by Vibha Maam CBSE | English

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Sectors of the Indian Economy

Checkout handpicked notes of NCERT class 10th Economics Chapter 2 Sectors of the Indian Economy notes by Vibha Madam and don’t forget to share your valuable comments in the comment below to motivate our author.

Sectors of Economic Activities 

Nature of Activity 

1) Primary 

2) Secondary 

3) Tertiary 

Primary Activity

Activities related to agriculture like agriculture, forestry, fishing, mining,

Secondary Activity

Activities related to manufacturing and construction , like industrial units 

Tertiary Activities

Related to all services like transportation, banking, communication, call- centres, administrative, accounting etc.

Gross Domestic product (GDP)

The value of goods and services in the three Sectors are calculated.

GDP is the value of all final goods and services produced within a country during a particular year.

Comparing the Three sectors

  • Primary sector was the most important sector of economic activities at initial stages, the secondary sector gradually became the most important but now the service sector has become the most important in terms of total production.
  • Most of the working people are also employed in the service sector.
  • More than half of the workers are working in the primary sector that produces only a quarter of the GDP. In contrast to this, secondary and tertiary sectors produce four- fifths of the produce whereas they employ less than half of the people.

Disguised or Underemployment 

  • Workers in the agriculture sector are under-employed, which means more people working in the agriculture sector than is required.
  • Underemployment or Disguised unemployment is the situation where people are working but all of them are made to work less than their potential.
  • Underemployment can also  happen in other sectors like in the service sector where casual workers, painters, plumbers spend the whole day but earn very little and do not find work everyday.

To create more employment 

  • Government can spend some money or banks can provide loan for disguised unemployment
  • Give cheap agricultural credit to the farmer
  • Promote and locate industries

Central government in India implemented

National Rural Employment Guarantee Act 2005 (NREGA 2005) 

  • 100 days guaranteed employment every year to every rural household.
  • Unemployment allowance if the government failed to provide employment within 15 days.
  • Enforces right to work 
  • Enforces equal wages for equal work 
  • Targets SCs, STs, and poor women
  • One-third beneficiaries should be women

Sectors in term of Ownership 

  • Public sector 
  • Private sector 

Private Sector 

  • Owned/ controlled by private individuals 
  • Motive  to earn profits
  • Provide wide range of services 

eg. Bajaj ,TISCO etc.

Public Sector

  • Owned /controlled by the government 
  • Welfare motive 
  • Provide basic services like railways, Post office, police, army,etc.

Working condition in Organised Sectors

  • Regular employment 
  • Better wages 
  • Good working condition
  • Job security
  • Fixed working hours
  • Leaves (medical, maternity)
  • Paid holidays

 Working condition in Unorganised Sectors

  • Irregular employment
  • Less wages
  • Poor working conditions
  • No job security
  • Long working hours
  • No leaves 
  • No paid holidays

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Lalit
Lalit
2 months ago

👌🏻

johaibansari
2 months ago

Thank You Mam for providing these notes.

Shristi Saini
Shristi Saini
2 months ago

Thanks mam

Tanvi
Tanvi
2 months ago

THANK YOU MAM FOR THESE AMAZING NOTES…😊😊😊

Ayushi saini
Ayushi saini
2 months ago

Thank you mam for these notes

rohan
rohan
2 months ago

thanks maam

Vikas
Vikas
2 months ago

thanks for the notes maam
it covers all the chapter

Kritika
Kritika
2 months ago

wow notes

Kritika
Kritika
2 months ago

👌

Kangna sudan
Kangna sudan
2 months ago

thankyou mam for this notes.

Kangna sudan
Kangna sudan
2 months ago

Thankyou mam

Manpreet
Manpreet
2 months ago

nicely written notes easy to understand

Nargis
Nargis
2 months ago

thanks maam

Huma parvaz
Huma parvaz
2 months ago

Tʜᴀɴᴋs_A_Lᴏᴛ_Mᴀᴍ_Fᴏʀ_Pʀᴏᴠɪᴅɪɴɢ_Us_Tʜᴇsᴇ_Nᴏᴛᴇs😊

Lavi
Lavi
1 month ago

fabulous job

Yogita
Yogita
1 month ago

grrrreat

Ankit
Ankit
1 month ago

wow! that’s a easy way to learn full chapter in a glance

kanika saini
kanika saini
1 month ago

thanks maam

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