Generally, with development, the share of agriculture sector __________.
decreases
The correct answer is that the share of the agriculture sector generally decreases with development.
This is a fundamental concept in development economics. As countries develop, they undergo a structural transformation. This transformation involves a shift in the composition of the economy from predominantly agricultural activities to industries and services. This shift happens due to several factors:
While the absolute agricultural output might increase, its share of the overall economy tends to decrease as the other sectors grow at a faster rate.
Which of the following is a reason for India trade deficit?
What is the percentage of the disabled population in India according to the 2011 census?
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their: