Chapter14 Economic Activities Around Us Solution

Chapter14 Economic Activities Around Us Text Book Solution

The Big Questions (Page 195)

Q1: How are economic activities classified?
Ans: Economic activities are classified into three main sectors: primary, secondary, and tertiary. These sectors group activities based on their nature and the role they play in the economy.

Q2: What differentiates these activities to be grouped into sectors?
Ans: The differentiation of economic activities into sectors is based on the nature of the work and the resources involved:

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  Primary sector activities involve the extraction and harvesting of natural resources.
  
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  Secondary sector activities involve the transformation of raw materials into finished goods through manufacturing and construction.
  
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  Tertiary sector activities involve the provision of services that support the primary and secondary sectors as well as provide services directly to consumers.
  

Q3: How are the three sectors interconnected?
Ans: The three sectors are interconnected as they rely on each other to function and sustain the economy:

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  The primary sector provides raw materials to the secondary sector.
  
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  The secondary sector processes these raw materials into finished products.
  
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  The tertiary sector offers services such as transportation, marketing, and sales that help in distributing these products to consumers.
  

Back Exercises (Page 208)

Q1: What is the primary sector? How is it different from the secondary sector? Give two examples.
Ans: The primary sector involves activities that directly depend on natural resources, such as agriculture, fishing, and mining. It is different from the secondary sector, which involves processing raw materials from the primary sector into finished goods. Examples of primary sector activities include farming and fishing. Examples of secondary sector activities include manufacturing cars and producing textiles.

Q2: How does the secondary sector depend on the tertiary sector? Illustrate with a few examples.
Ans: The secondary sector depends on the tertiary sector for various services that support its operations, such as transportation, banking, and marketing. For example, a car manufacturing company (secondary sector) relies on transportation services (tertiary sector) to deliver raw materials to its factories and distribute finished cars to dealerships. It also depends on banking services for financial transactions and loans.

Q3: Give an example of interdependence between primary, secondary and tertiary sectors. Show it using a flow diagram.
Ans: An example of interdependence is the dairy industry:

• Primary sector: Farmers raise cows and produce milk.
  
• Secondary sector: Milk is processed into products like cheese and butter in factories.
  
• Tertiary sector: These products are then transported to retail stores and sold to consumers.
  

Flow Diagram:

Primary Sector (Dairy farming) -> Secondary Sector (Milk processing) -> Tertiary Sector (Transportation and Retail)