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SAI INTERNATIONAL SCHOOL


                                                 SESSION 2020-21

                                                       CLASS-X


                          ECONOMICS- Ch-2- SECTORS OF INDIAN ECONOMY

                                                  LESSON NOTES


                                                   SUB-TOPIC- 1

                                           Sectors of Indian Economy





               SECTORS OF THE INDIAN ECONOMY
                                                                              (Pg. No. 19, 20 & 21)
               i.     Indian economy has been divided into three sectors
                      a.     Primary Sector
                             Primary sectors activities mean directly using natural resources. It
                             includes agriculture, dairy farming, fishing etc when we produce goods by
                             exploiting natural resources.

                       b.    Secondary Sector also known as Manufacturing or Industrial sector
                             Secondary sector covers activities in which natural resource products are
                             changed into other forms through manufacturing.

                      c.     Tertiary Sector also known as Service Sector
                             Tertiary sector activities help in the development of the primary and
                             secondary sectors




               COMPARING THE THREE SECTORS   (Pg. No. 22 & 23)
               I.        The next step, therefore, is to see how much goods and services are produced
                         and how many people work in each sector. In an economy there could be one
                         or more sectors which are dominant in terms of total production and
                         employment, while other sectors are relatively small in size.
               ii.       there is one precaution one has to take. Not every good (or service) that is
                         produced and sold needs to be counted. It makes sense only to include the
                         final goods and services.
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