Conclusion 

  • The methods for classifying economic activities into certain significant categories have been examined in this chapter. 

  • One method is to determine whether the activity is related to the primary, secondary, or tertiary sectors.  

  • Goods and services generated in the tertiary sector contributed the most to GDP. 

  • Efforts of the government to increase employment in the country are also discussed

  • Another classification is based on whether an individual works in an organized or unorganized sector.

  •  This chapter also focused on the classification of economic activities based on the public and private sectors 

 

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.