Sectors of Economy and Factors of Production | Class - 2| Complete Indian Economy for UPSC|Atul Jain

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The economy is divided into different sectors based on the nature of activities—Primary, Secondary, and Tertiary sectors. Understanding these sectors helps in analyzing economic growth, employment patterns, and government policies. Additionally, the four factors of production—Land, Labor, Capital, and Entrepreneurship—are the essential building blocks of any economic system. This topic is crucial for UPSC, SSC, and other competitive exams as it forms the foundation of economic understanding.

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