Observe the Pictures and mention the sector which they belong to:
1.___________2.____________3.____________4.____________ | ||||||||||||||||||||||||||
Suppose there are two families-a rich family and a poor family.We can make such judgements as "rich" or "poor" based on: the dress people in the family wear,the vehicles they use to travel,the food they eat,the house they live in,furniture and other equipment they have,hospitals they go to for treatment etc.Alternately,income that these families earn is an important overall indicator.For the country as the indicator of income for the country.The technical term to denote this value is GrossDomestic Product(GDP).
The following Graph 1 shows the value of GDP for India for two different years: 1972-1973 and 2011-2012.One can compare the kind of increase that has taken place in production in the three sectors of the economy.
Gross Domestic Product