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The Life Insurance Corporation of India (LIC) relies on the primary sector because it provides a stable source of investment opportunities and supports economic growth. Investments in agriculture, forestry, and mining contribute significantly to rural development and infrastructure, aligning with LIC's goal of promoting social welfare. Additionally, the primary sector often yields long-term returns, which are essential for LIC to meet its policyholder obligations and ensure financial stability. This reliance also helps LIC diversify its investment portfolio, mitigating risks associated with market fluctuations.
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How is secondary sector dependent on primary sector?
Primary>Secondary relies on secondary to buy the output so it can be processed into finished goods Secondary>Primary relies on primary to extract raw materials for them to process Secondary>Tertiary relies on tertiary to distribute their finished goods to consumers/customers Tertiary>Secondary relies on secondary to supply finished goods for them to sell Primary>Tertiary relies on tertiary to distribute and market their goods to both secondary and consumers Tertiary>Primary relies on primary to use their services and thus provide a source of revenue
How wines are made from primary and secondary and tertiary sector?
primary sector of wine
Why has the primary and secondary sector decreased?
The primary sector has decreased becasue it wants too =) The secindary sector has aso decreased becasue it has .
What is the Reason for declining in primary sector?
what is the primary sector declining? why is the primary sector declining? the primary sector is declining becasue of the price in priducts so people arent buying them and importing parts of cars haha thts from a year 11 student a t trinity academy
Is McDonald in the primary secondary tertiary sector?
it is secondary sector
How is secondary sector dependent on primary sector?
Primary>Secondary relies on secondary to buy the output so it can be processed into finished goods Secondary>Primary relies on primary to extract raw materials for them to process Secondary>Tertiary relies on tertiary to distribute their finished goods to consumers/customers Tertiary>Secondary relies on secondary to supply finished goods for them to sell Primary>Tertiary relies on tertiary to distribute and market their goods to both secondary and consumers Tertiary>Primary relies on primary to use their services and thus provide a source of revenue
What export does Australia depend on?
Australia relies heavily on it's primary sector exports. With it's mineral exports alone taking up 50.6% of all Australian exports. Australian primary sector exports take up over 60% of all Australian exports.
Why is fishing in the primary sector?
Fishing is considered part of the primary sector because it involves the extraction of natural resources directly from the environment. This sector focuses on activities that harvest or gather raw materials, such as agriculture, forestry, and mining. Fishing provides essential food and raw materials, making it a fundamental economic activity that supports livelihoods and food security. Additionally, it directly relies on natural ecosystems, highlighting its primary sector classification.
Is LIC government Corporation or Private?
The Life Insurance Corporation of India (LIC) is a government-owned corporation. It was established in 1956 and is fully owned by the Government of India. LIC plays a significant role in the country's insurance sector and operates as a public sector entity, providing various insurance and investment products to the public.
What events that caused the primary sector to decline?
the primary sector is in decline because the tertiary sector is growing so there is a higher percentage of workers in the tertiary sector than the primary sector
What is a traditional industry sector?
an industrial sector that heavily relies on manual labour and craft skills. This sector has existed for centuries.
How wines are made from primary and secondary and tertiary sector?
primary sector of wine
Identify the difference between primary sector and secondary?
Identify the difference between primary sector and secondary sector
What is the sector for Pizza Hut?
Primary sector
What does Fishing go under Primary Sector Secondary Sector or Tertiary Sector?
Fishing goes under the Primary sector, whereas fishmongers goes under Tertiary Sector. :)
What was the primary sector of maharashtra 2004-2005?
The primary sector was 12% since 2004
Why has the primary and secondary sector decreased?
The primary sector has decreased becasue it wants too =) The secindary sector has aso decreased becasue it has .
