Sectors of the Indian Economy Class 10 Notes Economics Chapter 2 - PDF Download
In a country, people are engaged in many kinds of work. There are many ways to earn money. These ways can be organised into various sectors. In this Chapter 2 Economics Class 10 Notes by Vedantu, you will learn about various sectors that a country’s economy has. Further, the Sectors of Indian Economy Class 10 Notes PDF will specifically talk about the sectors of the Indian economy - how it is made, how good these sectors are going and what the merits and demerits of these sectors are. The Class 10 Economics Chapter 2 Notes PDF can be easily downloaded free of cost for you to prepare on the go.
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FAQs on Sectors of the Indian Economy Class 10 Notes CBSE Economics Chapter 2 [Free PDF Download]
1. Is it True that the Tertiary Sector does not Help Much in the Development of the Indian Economy?
Although the creation of jobs in the Tertiary sector does not happen at a quick pace, the sector is an intrinsic part of the development of Indian economy. For example, it is the banking sector that gives loans to small farmers so that they can improve their livelihood. Secondly, the IT sector of India provides jobs to thousands of youth. It is not stagnant - it is growing at an amazing pace. Thirdly, the Primary and the Secondary sectors get great support of the Tertiary sector.
2. What is the Third Sector that is Emerging other than the Private and the Public Sectors?
Apart from the public and private sector, one more sector is emerging as an effective way of helping people - the public-private-partnership. Although this model is in its infancy and it has not matured into a full-fledged sector, this model has tremendous potential.
3. What are the sectors of Indian economy class 10?
There are a total three sectors prevailing in the Indian economy. Following are the three sectors:
Primary Sector- It includes the production of goods and services using natural resources. This sector is known as the agricultural sector.
Secondary Sector- It includes manufacturing of natural resources into processed goods. This sector is known as the industrial sector.
Tertiary Sector- This sector assists the primary and secondary sectors. It provides various facilities like transportation and banking to the first two sectors and is called the service sector.
4. What is disguised unemployment class 10?
Supposedly, there is a family with 10 eligible workers. The family owns a land which requires the labour of only 5 workers. But if all the 10 members start working in the same field, the remaining 5 will come under disguised unemployment. The efforts of these 5 members will eventually bring no output to the family. Disguised unemployment or hidden unemployment is a form of unemployment in which people appear to be employed when they are actually not.
5. What is the difference between Public and Private sectors class 10?
Sectors are also classified based on who owns them. Public sectors include companies that are owned and run by the government. The chief motive of this sector is the welfare of the society. For example, post offices, nationalised banks, etc. Whereas, private sectors include companies that are owned by an individual or a group of individuals. The main aim of the private sector is to earn profits through their business. Some examples are Reliance, TATA, etc.
6. Why is the scheme of MGNREGA useful for India?
Our country is the second most populous in terms of people, but it also has a very high unemployment rate. A better career chance is largely denied to those living in rural areas. Keeping them in mind, the government of India had implemented a law governing right to work which is called Mahatma Gandhi National Rural Employment Guarantee Act 2005, under which, 100 days of employment in a year is promised to those who are eligible to work.
7. How can I study Class 10 economics Chapter 2?
When it comes to Class 10, each and every chapter matters. For Chapter 2 in Economics that is 'Sectors of Indian Economy', students should understand the various sectors prevailing in the Indian economy. The chapters comprise many important terminologies and their definitions which should be learned by heart. While learning the concepts, keep practicing the questions given at the end of the chapter. You can find important questions from sample papers and previous years' papers here Vedantu and practise their answers.