Economics · Sectors of the Indian Economy
Which of the following is the primary reason for classifying economic activities into different sectors (Primary, Secondary, and Tertiary) in India?
- 1To facilitate privatization of public assets
- 2To understand their functioning, growth trends, and mutual interdependence✓
- 3To implement different tax brackets across industries
- 4To divide and restrict labor migration across sectors
Correct answer
To understand their functioning, growth trends, and mutual interdependence
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