Exchange involves trade, transport and communication facilities that are used to overcome distance. It also includes the provision of services, such a… Unemployment leads to wastage of manpower resource, tends to increase economic overload, has a detrimental impact on the overall growth of an economy. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions. Human capital is superior to other resources like land and physical capital. Basic facilities were missing like maternity leave, childcare and other social security systems. There was a division of labour between men and women. 2. Read on to know more about the key differences between the primary, secondary and, tertiary economic sectors. People as Resource is a way of referring to a country’s working people in terms of their existing productive skills and abilities. Tertiary activities include all kinds of services provided to people such as education, health, trade and transport, Tertiary occupation is important in modern economic development of the country. Like other resources, the population is also considered as human resource. They are different from production and do not process or manufacture goods directly. Like other resources, the population is also considered as a human resource. Sectors of Indian Economy Class 10 Extra Questions and Answer Economics Chapter 2 Long Answers Type. But, in recent years, there has been a decline in the dependence of population on agriculture. 2. Free PDF download of Class 12 Geography – Fundamentals of Human Geography Chapter 7 -Tertiary and Quaternary Activities Quick Revision Notes & Short Key-notes prepared by our expert Geography teachers from latest edition of CBSE(NCERT) books. They form a support to primary and secondary activities. Hunting Answer=B Q.2 Which one of the following activities is NOT a secondary sector activity?Options:A. This sector provides services to the general population and to businesses. In the secondary sector, small scale manufacturing was the most labour absorbing. Tertiary activities are generally divided into into four categories: social services, distribution services, services to companies and services to consumers. Question 1. The activities that help in the development of the primary and secondary sectors fall under the tertiary sector. primary, secondary, and tertiary. 1. Primary activities are those activities in which natural resources are obtained. Investment in human capital (through education, training, medical care) yields a return just like investment in physical capital. For example, any good produced in primary or secondary sector need to be transported to the market. We may need to communicate with traders or borrow money from banks, etc. Human capital is the stock of skill and productive knowledge embodied in them. Write any two elements of tertiary activities. Required fields are marked *. Examples: Extraction, hunting, mining, gathering, agriculture, fishing and rearing of livestocks. 2. What is the difference between economic activities and non-economic activities? Asked by pradnyadhoney | 14th Oct, 2019, 11:44: AM. In India, we have unemployment in rural and urban areas, though the nature of unemployment differs in rural and urban areas. When the existing ‘human resource’ is further developed by becoming more educated and healthy, it is called human capital formation. Tertiary activities are those activities which provide support to primary and secondary sectors. Investment in human resource (via education and medical care) can give high rates of return in future.
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