Main Sectors of the Indian Economy
ICSE · Class 9 · Economics
Flashcards for Main Sectors of the Indian Economy — ICSE Class 9 Economics. Quick Q&A cards covering key concepts, definitions, and formulas.
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What are the three main sectors of the economy?
Answer
The three main sectors are the primary sector, secondary sector, and tertiary sector. They group economic activities based on how goods and services are produced.
What is the primary sector?
Answer
The primary sector includes activities based directly on natural resources such as land, water, forest, and minerals. It includes agriculture, forestry, animal husbandry, fishing, poultry farming, min…
Why is the primary sector called the base of all other products?
Answer
It is called the base because it produces natural products by using natural resources. These products are used as raw materials in other sectors.
What are primary goods or natural products?
Answer
Primary goods or natural products are goods produced by the primary sector from natural resources. Examples include agricultural produce, wood, and fish.
What is the secondary sector?
Answer
The secondary sector is also called the manufacturing sector or industrial sector. It includes activities that use raw materials from the primary sector and transform them into finished goods through …
How does the secondary sector depend on the primary sector?
Answer
The secondary sector depends on the primary sector for raw materials such as cotton, jute, sugarcane, oilseeds, and wool. These raw materials are then changed into finished goods.
What is the tertiary sector?
Answer
The tertiary sector is the third sector of the economy and is also called the service sector. It does not produce goods; instead, it provides services such as transport, storage, communication, bankin…
Why is the tertiary sector called the service sector?
Answer
It is called the service sector because it provides support services rather than goods. These services help the primary and secondary sectors function smoothly.
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