CBSE CLASS 10 SST ECONOMICS //CHAPTER 2 SECTORS OF THE INDIAN ECONOMY

Explain any five differences between organised and unorganised sectors.

REGULAR AND IRREGULAR:  Organised sector have terms of employment and have regular jobs while in the unorganised sector jobs are low paid and irregular.

WAGES: Organised sectors are those where government rules like Minimum Wage Act, Factories Act etc. are followed while unorganised sectors have their own rules and regulations.

JOB SECURITY: There is job security in the organised sector while unorganised sector hire and fire according to the requirement.

ALLOWANCES: Overtime, medical benefits etc. is paid in the organised sector while the unorganised sector gives no such benefit.

RUN BY: Organised sector is controlled by the government or by individuals under labour laws while in the unorganised sector a lot depends on the whims of employer.

why is protection and support to the unorganized sector necessary

It is necessary to provide protection and support to the unorganized sector workers because:

 1.Long working hours and unhygienic working conditions affect the health of the worker adversely.

2.They are paid very low and thus are not able to meet their daily basic needs

3.They sometimes get injured but are not able to enjoy the medical benefits.

4.They are subjected to high levels of nsecurity

5.They are forced to work overtime without any payment nor they receive any pension

What do you mean by 'unorganised sector'? Give two disadvantages of the unorganised sector.

Unorganised sector is characterised by small and scattered units, which are largely outside the control of the government.

The two disadvantages of unorganised sector are as follows:

(i) Here the employment is not secure.

(ii) Jobs here are low-paid and often not regular and there is no provision for Provident Fund, overtime, paid leaves, holidays etc. for the employees.

distinguish between public sector and private sector

The difference between the private sector and the public sector are as follows:- 

1. Private sector firms take a lengthy time to form, whereas public sector enterprises can be formed quickly by a government decision.

2. The primary goal of private sector businesses is to make a profit, whereas the primary goal of public sector businesses is to provide services to the general public.

3.The majority of capital is contributed by owners or investors in private sector businesses, whereas the government contributes the majority of capital in public sector businesses.

4. Private sector businesses have more operational independence, but public sector businesses have less due to political involvement.

5. The private sector enterprises are not directly accountable to general public while the public sector enterprises are accountable to general public as their performance is discussed in the parliament.

distinguish between primary sector and secondary sector 

Difference between Primary, Secondary and Tertiary Sector With their Comparisons

distinguish between seasonal and disguised unemployment

distinguish between unemplyment and underemployment

distinguish between final goods and intermediate goods

What is Gross Domestic Product (GDP)? How is it measured?

The value of the final goods and services produced in each sector during a particular year provides the total production of the sector for that year. Thus, GDP is the sum value of the final goods and services of the three sectors (Primary, Secondary and Tertiary) produced within a country during a particular year. In India, the task of measuring GDP is undertaken by a Central Government Ministry. This ministry, with the help of various government departments of all the Indian states and union territories, collects information relating to total volume of goods and services and their prices and then estimates the GDP.

Explain the objective of implementing the MGNREGA.

The objectives of implementing MGNREGA are as follows.

(i) Its main objective is to provide employment to the unemployed. It gives social protection to the most vulnerable people living in rural India by giving them employment opportunities.

(ii) According to MGNREGA, all those who are able to and are in need of work would be guaranteed 100 days of employment in a year by the government. 

(iii) If the government fails in its duty to provide employment, it will give unemployment allowances to the people. 

This act is known as the largest and most ambitious social security and public works programme in the world. MGNREGA Is a powerful instrument for ensuring inclusive growth in rural India.

Differentiate between economic and non-economic activities. Give

any two points.

BasisEconomic activitiesNon - economic activities1. MeaningEconomic acivities are those acivitiesNon-economic activities are those activities which are which are performed to earn a livehood.performed out of love, sympathy, sentiments, patriostism, etc.2. AimThe main aim of these activitiesThe main aim of these activities is to earn profits.is psychological satisfaction.3. End resultThe end result of these activities isThe end result of these activities is mental satisfaction of to satisfy human need.the person performing them.4. Examples A teacher, a carpenter, a doctor,A teacher teaching her own son, a doctor treating poor an artist.patients without charging any fees.

How to Use CBSE Syllabus 2023-24?

CBSE Syllabus is the first step that a candidate comes across when they start their new academic year and study preparation. Since the curriculum decides all that a student must study and dictates the question paper design as well based on unit-wise division of marks, all CBSE Class 10, 12 candidates must focus on the newly released curriculum as it is one of the most important things for a student of 10th or 12th class.

CBSE students must focus on the complete course structure of the subject first. This will allow the students to understand the outline of the curriculum and prepare themselves.