Choose the given statement is true or false:

Economic activities are highly interdependent on each other.

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True

False

answer is A.

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Detailed Solution

The given statement is true.
All three sectors of an economy, primary, secondary and tertiary, are interdependent. A few examples to understand the same:
1)      Agriculture activities make raw materials for agro-based industries along with producing food. It makes the secondary and tertiary sectors dependent on the primary sector.
2)      The industrial sector produces goods, like fertilisers and tractors, which improves the productivity of the primary sector.
3)      Services like transportation and storage are required in manufacturing and farming.
4)      Industries also produce goods, like trucks, vehicles, computers and other assets, which are needed by the service sector.

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