Choose the given statement is true/false:

The historical movement in the economic structure from the primary to the secondary to the current emphasis on the tertiary sector.

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True

False

answer is A.

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Detailed Solution

The given statement is "true." When the history of the countries' economic structures is studied, we find a common pattern of development. The focus of the economic sectors initially started in the primary sector, then gradually shifted to the secondary sector, and is now focused on the tertiary sector. Initially, the primary sector held most of the jobs and contributed the most to the country's GDP. As industrialization began, the workers shifted to the secondary sector, and its share of the GDP increased, shifting the focus. Currently, the tertiary sector contributes the most in terms of employment and output produced.

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