Mention the factors which decide the importance of particular sector in an economy
Dear Student
Factors which decide importance of particular sector in economy:
1. Contribution to GDP: Sector of economy which contributes most to GDP is most important sector of an economy.
2. Generation of more employment opportunities: That sector of economy which generates highest employment opportunities is one of factor which decide importance of particular sector.
Regards
Factors which decide importance of particular sector in economy:
1. Contribution to GDP: Sector of economy which contributes most to GDP is most important sector of an economy.
2. Generation of more employment opportunities: That sector of economy which generates highest employment opportunities is one of factor which decide importance of particular sector.
Regards