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Pricing Schools Business

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Economic Sectors Quiz

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Questions and Answers

Industry is a sector of the economy concerned with the production of goods and services

True (A)

Industry does not play a significant role in the economy

False (B)

Industry can be classified into different types such as primary, secondary, and tertiary

True (A)

What is the significance of the Ahmedabad textile industry?

The Ahmedabad textile industry is significant in the context of India's economy, as it is one of the major contributors to the country's textile production and exports. Signup and view all the answers

How would you classify the Ahmedabad textile industry in terms of economic sectors?

The Ahmedabad textile industry falls under the secondary sector, as it involves the manufacturing of textile goods. Signup and view all the answers

What role does the Ahmedabad textile industry play in the overall economy?

The Ahmedabad textile industry plays a crucial role in providing employment and contributing to the GDP of the region and the country. Signup and view all the answers