GEOGRAPHY Lecture 1: Sectors of Indian Economy
8 Dec 2022
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Document Summary
When the economic activity depends mainly on exploitation of natural resources then that activity comes under the primary sector. Agriculture and agriculture related activities are the primary sectors of economy. When the main activity involves manufacturing then it is the secondary sector. All industrial production where physical goods are produced come under the secondary sector. When the activity involves providing intangible goods like services then this is part of the tertiary sector. Financial services, management consultancy, telephony and it are good examples of service sector. Evolution of an economy from primary sector based to tertiary sector: During early civilization all economic activity was in primary sector. When the food production became surplus people"s need for other products increased. This led to the development of secondary sector. The growth of secondary sector spread its influence during industrial revolution in nineteenth century. After growth of economic activity a support system was the need to facilitate the industrial activity.
