RBSE Class 10 Social Science Notes Economics Chapter 2 Sectors of Indian Economy

These comprehensive RBSE Class 10 Social Science Notes Economics Chapter 2 Sectors of Indian Economy will give a brief overview of all the concepts.

Rajasthan Board RBSE Solutions for Class 10 Social Science in Hindi Medium & English Medium are part of RBSE Solutions for Class 10. Students can also read RBSE Class 10 Social Science Important Questions for exam preparation. Students can also go through RBSE Class 10 Social Science Notes to understand and remember the concepts easily. The class 10 economics chapter 2 intext questions are curated with the aim of boosting confidence among students.

RBSE Class 10 Social Science Notes Economics Chapter 2 Sectors of Indian Economy

→ For the better understanding of an economy it is necessary to study its various sectors.
Sectorial Classification of Economic Activities: Economic activities of an economy can be divided into three sectors: 

  1. Primary Sector: It includes all those economic activities which are connected with extraction and production of natural resources, e.g. mining, agriculture, fishing, dairy, forestry etc.
  2. Secondary Sector: It includes all those activities which are concerned with the processing materials which have already been extracted at the primary stage, e.g. manufacture of steel from iron-ore, production of sugar from sugar cane, etc.
  3. Tertiary Sector: It is concerned with providing support services to primary and secondary sector and includes transport, .banking, insurance etc.

RBSE Class 10 Social Science Notes Economics Chapter 2 Sectors of Indian Economy

→ Comparison of three Sectors: Total production of the country is the sum of production of three sectors. National income is the market value of final goods and services produced in a country during.the period of one year. With the variation in contribution of these three sectors, there has been change in development of the nation.

In the initial stages of development the contribution of primary sector is maximum and with the increase in development the contribution from secondary sector is increased and in developed nations the share of service sector is maximum.

→ Primary, Secondary and Tertiary Sectors in India: Before development the contribution of primary sector was maximum in India. With the increase in development the contribution of service sector is maximum. But still in India maximum people are employed in agriculture and allied activities, yet this percentage is decreased than before. There is unemployment found in agriculture sector of India, in which under-employment (disguised unemployment) prevails maximum, which can be reduced by increasing employment opportunities in agriculture sector. Except, this employment opportunities can be increased by setting up of Industries in rural sector.

→ Division of Sectors as Organised and Unorganised: There is an another way to classify economic activities—organised sector and unorganised sector.

→ Organised sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its rules and regulations. Whereas the unorganised sector is characterised by small and scattered units which are largely outside the control of the government. At present there is also a need for protection and support of the workers in the unorganised sector for which government is making many efforts.

RBSE Class 10 Social Science Notes Economics Chapter 2 Sectors of Indian Economy

→ Sectors in Terms of Ownership Public and Private Sectors - On the basis of ownership economic activities are divided into Public and Private sectors. In the public sector, the government owns most of the assets and provides all the services. Whereas in the private sector ownership of assets and delivery of services is in the hands of private individuals or companies.

Prasanna
Last Updated on May 7, 2022, 4:32 p.m.
Published May 6, 2022