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unit-10-basic-features-of-indian-economy

Unit-10 Basic Features of Indian Economy

The unit provides an overview of some of the concepts in economics. Highlights the importance of natural and human resources.

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Water used for can be regarded as a commodity of all the three sectors/secondary/tertiary. Write one line in support of each contention.

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Learning Pundits Content Team

Written on Apr 17, 2019 11:43:50 AM

'Water' drawn directly from streams/rivers and used for drinking purposes particularly in rural areas where facilities for proper treated water supply do not exist is a commodity of primary sector.

The same water treated for improving its quality by municipalities or any other government/private body and supplied to households for consumption makes it a commodity of secondary sector.

The very process of transporting to the doorstep every household is a distributional service rendered and thus makes it also a commodity of services sector.