The ownership of the assets in the public sector is with the government.
GDP stands for Gross Domestic Product.
The disguised employment is mostly found in the agriculture sector.
Primary sector was the most important sector of economic activities at the earliest stages of development.
Primary sector is the sector in which the natural products are changed into other forms.
Primary sector forms the base for all other products.
The four reasons for the rising of the tertiary sector in India are – provision of basic services, rise in income, development of primary and secondary sectors and development of ICT.
The service conditions of the organised and the unorganised sector are: Service conditions of Organised sector These are the big units. These units are registered with the government. There are some formal processes and procedures in this sector. Therefore, it is called organised. There is security of employment. Service conditions of unorganised sector These are…
Primary sector is the largest employer sector in India. This sector produce only a quarter of the national GDP because there is a problem of disguised unemployment in this sector. Though almost 60% people of India are engaged in this sector but all are not required there. Many of them are extra people. They are…