CBSE Notes Class 10 Economics Chapter 2 Sectors of the Indian Economy

Unemployment that occurs during the normal workings of an economy as people change jobs and move across the country is called _____. Q.17. How can employment opportunities be generated in the tourism and information and technology centres ? One of the main reasons for underemployment is the business cycle the economy currently operates in. If the economy is currently in a recession or economic depression, it is unlikely that organizations will be hiring for many full-time positions. Visible underemployment comprises define underemployment class 10 employees who work fewer hours than what is considered normal in their field or industry. They possess the skills to work in a full-time position but are unable to find regular employment.

Q.3.What are tertiary activities ? [CBSE Sept. 2010]Ans.Tertiary activity consists of all service occupations. Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities 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 a support for the production process.

What is Unemployment?

1. One of the main reasons for underemployment is the business cycle the economy currently operates in.
2. Visible underemployment comprises employees who work fewer hours than what is considered normal in their field or industry.
3. So these are also known as support services.
4. So to convert it into usable form some process of manufacturing is essential.

What do you understand by disguised unemployment? Explain with an example each from the urban and rural areas. The reduction in demand leads to slow business growth, pushing the economy toward a recession or depression due to low Gross Domestic Product (GDP) and little to no job growth. Many families who previously enjoyed a comfortable standard of living begin to struggle financially. Sometimes technology takes the job of a worker who would have previously been employed in a position that has since become automated.

The farmer (Primary sector) also needs fertilisers and seeds which are processed in some factory (Secondary sector) and which will be delivered to his doorstep by some means of transportation (Tertiary sector). In this way, for every little process there is interdependence of the three sectors of the economy on each other. A sales manager of an equipment manufacturing company loses his job because the company relocated the unit to another country is an example of ____ unemployment.

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1.Explain three factors to prove that agriculture is an unorganised sector activity. Underemployment is a social problem that affects job growth, business growth, poverty levels, and the emotional and psychological health of the underemployed. Underemployment also occurs when the supply of workers is greater than its demand. A few reasons can be an increase in population growth or a decrease in the demand for a product.

(i) Primary sector contributes more than 20% to the GDP of India.(ii) Its employment share is more than 55%.(iii) It is the most labouring sector of Indian economy.(iv) It covers agriculture, dairy, fishing, forestry which all contribute to the Indian economy. Q.13. What are the objectives of NREGA 2005 ? The job card is the legal document that entitles a person to ask for work under the Act and to get work within 15 days of the demand for work, failing which an unemployment allowance would be payable. Q.1. What is under employment ? An economy is best understood when you study its components or sectors.

Division of Sectors as Organised and Unorganised

Like the above-mentioned schemes, there are various other schemes launched by the Government of India in order to address the social and economic welfare of the citizens and the nation. The links of related schemes launched by the government are given below. Unemployment is a situation when a person actively searches for a job and is unable to find work. Unemployment indicates the health of the economy. The topic of unemployment, the data related to unemployment in India and initiatives by the government to alleviate unemployment are important for aspirants preparing for competitive exams.

It shows how big the economy is. In India, the task of measuring GDP is undertaken by a central government ministry. Q.4. What are primary activities ?

With inadequate income, families do not consume as many goods and services as before. Invisible underemployment refers to people who work in jobs that don’t utilize their skills – such as a financial analyst working as a waiter in a restaurant. This type of underemployment is very difficult to measure and requires extensive research and surveys. Primary sector forms the base for all other products that we subsequently make. Since most of the natural products we get, are from agriculture, dairy, fishing, forestry, this sector is also called sector for agriculture and related activities (stone quarrying, animal husbandry, etc.).

Sectors of Economic Activities

A study conducted by the Planning Commission (known as NITI Aayog) estimates that nearly 20 lakh jobs can be created in the education sector alone. And the sum of production in the three sectors gives the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. Collecting data for the GDP in India ? It is the value of goods and services produced within a country during a given time period.In India, the mammoth task of measuring the GDP is undertaken by a central government ministry.

With underemployment, workers who no longer work in their chosen field lack the ability to update their skills with on-the-job training. Some people acquire skills in different industries while others drop out of the workforce altogether. This phenomenon is commonly known as structural unemployment. Q.7. What is an organised sector ?

In this activity, farmers are dependent on the biological process of the animals, and the availability of fodder, etc. The product, milk, is also a natural product.The most important feature of primary sector is that it forms the base for all other activities. Employment can be given to people by identifying, promoting and locating industries and services in semi-rural areas. Every state or region has the potential for increasing the income and employment for people in that area. It can be done by tourism, or regional craft industry, or new services like IT.

It holds relevance in the general awareness section of various government exams like SSC exams, Bank exams, RRB exams, etc. The lockdown to contain the coronavirus outbreak has forced many industries to shut down thus increasing unemployment across the country. Industrial development helps in the rapid growth of national and per capita income.