Chapter 14: Economic Activities Around Us
From the farmer's field to the factory to the shop, people do many kinds of work. In this chapter we group economic activities into three sectors and follow milk from farm to plate to see how they depend on one another.
In this chapter you will
- classify activities into primary, secondary and tertiary sectors
- explain what a cooperative is
- show how the three sectors depend on each other
Topics
- Classifying Economic Activities into Sectors NCERT 14.1
Primary: goods from nature (farming, fishing, mining, forestry, livestock).
- Interdependence Among Sectors NCERT 14.2
A cooperative is jointly owned and run by its members; Anand's dairy cooperative grew into AMUL.
Key words
- Economic sector
- a broad group of similar economic activities
- Primary sector
- activities that take goods directly from nature
- Secondary sector
- activities that turn raw materials into goods
- Tertiary sector
- activities that provide services
- Cooperative
- a group jointly owned and run by its members
- Interdependence
- depending on one another
Summary
- Economic activities are grouped into primary, secondary and tertiary sectors.
- Primary takes from nature, secondary makes goods, tertiary provides services.
- The sectors depend on each other, as the dairy cooperative's farm-to-plate story shows.