Question
Download Solution PDFWhat is the reason behind most people working in the agricultural sector?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Other sectors do not absorb people from agriculture.
Key Points
- As countries develop, the share of the population working in agriculture is declining.
- While further than two-thirds of the population in poor countries work in agriculture, lower than 5 of the population does in rich countries.
- It's generally the huge productivity increase that makes this reduction in labor possible.
- Also, productivity earnings make it possible to reduce the agrarian land demanded to feed a given number of people.
- People didn't get higher returns in agriculture. Instead, they involve in agriculture because there is no experience required and also no qualification.
- The main reason is unemployment.
Additional Information
- Sectors in Economy:
- Primary Sector:
- To keep the day-to-day operations going, this sector's services are completely reliant on the availability of natural resources.
- Eg. Agriculture, Mining, Fishing, Forestry, Dairy, etc.
- Secondary Sector:
- The economics of the sector is based on natural materials that are utilized to manufacture the services and goods that are given, and which are then consumed.
- Tertiary Sector:
- The tertiary sector is referred to as the service sector.
- The service business creates services rather than finished items.
- Services (also known as "Intangible Products") include things like attention, direction, access, experience, and emotional labor.
- Primary Sector:
Last updated on May 28, 2025
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