Illustrate with suitable example interdependence of different sectors of economy
Some examples of interdependence of different sectors of the economy are
1. Agricultural products like cotton and sugarcane provides raw materials for industries like cotton textile and sugar.
2. High volume of agricultural output creates demand for industrial products and various services.
3. An efficient service sector is very important for both the agricultural and industrial sectors. If, for example, the transport sector does not function efficiently, then the agricultural and industrial sectors will not be able to transport their products to the market.
1. Agricultural products like cotton and sugarcane provides raw materials for industries like cotton textile and sugar.
2. High volume of agricultural output creates demand for industrial products and various services.
3. An efficient service sector is very important for both the agricultural and industrial sectors. If, for example, the transport sector does not function efficiently, then the agricultural and industrial sectors will not be able to transport their products to the market.