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Class X Ncert Economics Chapter 2 Sectors Of Indian Economy

  Sectors of Economic Activities Sector  defines a large segment of the economy in which businesses share the same or a related product or service. When we produce a good by extraction and collection of natural resources, it is known as the  primary sector . Eg: Farming, forestry, hunting, fishing and mining. The  secondary sector  covers activities in which natural products are changed into other forms through ways of manufacturing. It is the next step after primary. Some manufacturing processes are required here. It is also called the industrial sector. For example, using cotton fibre from the plant, we spin yarn and weave cloth. Using sugarcane as raw material, we make sugar or gur. Tertiary sector  includes activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or support for the production process. It is also called the service sector. Example: Teachers, d...

Development Cbse Class 10 Economics Chapter 1

  What Development Promises – Different Peoples, Different Goals Different people can have different developmental goals What may be development for one may not be development for the other person. It may even be destructive for the other. Income and Other Goals People want more income. Money, or material things that one can buy with it, is one factor on which our life depends. However, the quality of our life also depends on non-material things such as equal treatment, freedom, security and respect for others. For development, people look at a mix of goals. The developmental goals are not only about better income but also about other important things in life . National Development Different persons could have different as well as conflicting notions of a country’s development . How to Compare Different Countries or States? To compare countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with le...