The Story of Village Palampur

1. THE STORY OF
VILLAGE PALAMPUR
Presented by Sudeshna
Sinha

2.  OVERVIEW :
PURPOSE
TO INTRODUCE SOME BASIC CONCEPTS RELATING TO PRODUCTION
METHODOLOGY : HYPOTHETICAL STORY OF VILLAGE PALAMPUR

3. INTRODUCTION
ACTIVITIES
ECONOMIC
resource
management
production of
goods and
services
distribution of
goods and
services
NON-ECONOMIC

5. SECTORS OF ECONOMICS
ACTIVITIES
PRIMARY SECONDARY TERTIARY

6. PRIMARY SECTOR COMPRISES ACTIVITIES RELATED TO THE EXTRACTION AND PRODUCTION OF
NATURAL RESOURCES. AGRICULTURE, FORESTRY, ANIMAL HUSBANDRY, FISHING, POULTRY
FARMING, MINING AND QUARRYING ARE THE ACTIVITIES UNDERTAKEN IN THIS SECTOR

7. SECONDARY SECTOR COMPRISES ACTIVITIES RELATED
TO THE PROCESSING OF NATURAL RESOURCES.

8. THE TERTIARY SECTOR COVERS A WIDE RANGE OF ACTIVITIES FROM
COMMERCE TO ADMINISTRATION, TRANSPORT, FINANCIAL AND REAL
ESTATE ACTIVITIES, BUSINESS AND PERSONAL SERVICES, EDUCATION,
HEALTH AND SOCIAL WORK.

9. FARMING IS THE MAIN ACTIVITY IN PALAMPUR, WHEREAS SEVERAL OTHER
ACTIVITIES SUCH AS SMALL SCALE MANUFACTURING, DAIRY, TRANSPORT, ETC.
ARE CARRIED OUT ON A LIMITED SCALE. THESE PRODUCTION ACTIVITIES NEED
VARIOUS TYPES OF RESOURCES — NATURAL RESOURCES, MAN- MADE ITEMS,
HUMAN EFFORT, MONEY, ETC.
What are the economic
activities of Palampur?

10. ECONOMIC ACTIVITIES ARE ALSO CALLED MARKET ACTIVITIES. MARKET
ACTIVITIES INVOLVE REMUNERATION TO ANY ONE WHO PERFORMS
ACTIVITY PERFORMED FOR PAY OR PROFIT. THESE INCLUDE PRODUCTION
OF GOODS OR SERVICES INCLUDING GOVERNMENT SERVICE.
What are Market
activities?

11. PRIMARY ECONOMIC ACTIVITIES DELIVER THE RAW MATERIAL FOR
OTHER INDUSTRIES, WHICH THEN FURTHER REFINE AND DEVELOP THESE
MATERIALS INTO PRODUCTS TO SELL TO THE END CUSTOMERS. IN THE
DEVELOPED AS WELL AS THE DEVELOPING COUNTRIES, THE NUMBER OF
WORKERS THAT ARE INVOLVED IN THE PRIMARY SECTOR IS ON THE
DECLINE.
What is the importance
of economic activities?