CLASSIFICATION OF ECONOMIC ACTIVITIES

Primary Sector Secondary Sector Tertiary Sector

Includes activities like agriculture, Includes activities like Transport, education, banking,
forestry, animal husbandry, manufacturing and construction insurance, health and tourism,
fishing, poultry, farming, etc. activities. etc.

ECONOMIC ACTIVITIES

The activities in the tertiary sector result in the production of goods and services.

These activities add value to the national income and are known as ‘economic
activities’.

There are two types

Market Non-Market
Activities Activities

These activities involve remuneration to These activities are the production for
any one who performs, i.e., any activity self-consumption.
performed for pay or profit.

These can be consumption and

These activities are the production of processing of primary product and own
goods or services including government account production of fixed assets.
service.

QUALITY OF POPULATION

It depends on the literacy rate and health of a person. The quality of the population ultimately decides the growth rate of the country.

Education Health

Education contributes to The health of a person

the society as a whole. helps him/her to realise
his/her potential and the
ability to fight illness.
It enhances the national
economy, cultural richness
and increases the An unhealthy person
efficiency of governance. becomes a liability for an
organisation whereas a
healthy person is an asset.
UNEMPLOYMENT

When people who are willing to work at the going wages cannot find jobs.

We have unemployment in rural and urban areas.

Rural Urban
Unemployment Unemployment

Educated Unemployment
Seasonal Unemployment Disguised Unemployment

When people are

When people are not
able to find jobs during
some months of the
year.
Where people appear to educated or skilled but do
be employed. They have not get job opportunities.
agricultural plot where
they find work. Whereas,
the field requires the
service of 5 people and
the 3 extra people are
disguised unemployed.

CONSEQUENCES OF UNEMPLOYMENT

Unemployment leads to wastage of Unemployment tends to increase the Unemployment may lead to increase
manpower resources. economic overload that is dependence in social unrest and tension.
of the unemployed on the working
population.