SELECT * FROM question_mgmt as q WHERE id=5769 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=2 AND subId=32 AND chapterId=243 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

What is the sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to the GDP of an economy? Comment.

Answer:

The sectoral composition of an economy is the contribution of different sectors to the total GDP of an economy during a year. That is, the share of the agricultural sector, industrial sector and service sector in GDP. Yes, it is necessary that at the later stages of development, the service sector should contribute the maximum to the total GDP. This phenomenon is called Structural Transformation. This implies that gradually the country's dependence on the agricultural sector will shift from the maximum to minimum and, at the same time, the share of the industrial and service sector in the total GDP will increase. This structural transformation together with the economic growth is termed as economic development.


< Previous Question

Next Question >

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='2' AND subId='32' AND ex_no!=0 AND status=1 and id!=5769 ORDER BY views desc, last_viewed_on desc limit 0,10

  • Popular questions of class 11 Economics - Indian Economic Development

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='2' AND subId='32' AND ex_no!=0 AND status=1 and id!=5769 ORDER BY last_viewed_on desc limit 0,10

  • Recently Viewed Questions of Class 11 Economics - Indian Economic Development

Comments

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

Comment(s) on this Question


Important links

Quick Links

Resources

Support