secondary sector is also known as

It covers the basic needsof human beings in order to survive. The secondary sector of the economy including industries that produce a finished, usable product or are involved in construction.. ‘The primary sector employs 22 percent of workers, the secondary sector 28 percent, and the tertiary sector 50 percent.’ ‘Changes are needed to provide professional leadership and economic incentives in both primary and secondary sectors.’ ‘Fish processing on land decreased but the rest of the sub-sectors in the secondary sector grew.’ The service sector is the third of the three economic sectors of the three-sector theory. These goods are also known as manufactured goods. …, ority over minorityC) peaceful accommodation in the countryD)None​, It’s difficult to trace the history of tribal societies of the medieval period? The secondary market, also known as the aftermarket, is the market where previously issued financial instruments, such as bonds and stocks are bought and sold.It is where investors sell to other investors. It is considered one of the oldesteconomic activities. The tertiary sector of the economy is the service industry. Secondary industry is defined as the industry that deals with the raw materials effectively collected by the primary industry so that they can convert them into finished products.These finished goods are in turn sold by Tertiary industries in the consumer market. Which of the following is not applicable for a worker, who works in the organised sector? Tertiary Sector Refers to Commercial Services. The manufacturing sector takes raw materials and converts them into finished products. The manufacturing sector is concerned with using raw materials from the primary sectors, such as iron and coke and the production of finished goods, such as cars.These manufactured goods can then be sold in the tertiary sector. What are the sectors of the economy? Secondary Sector: Also known as ‘manufacturing sector’, and this includes all those activities, where direct use out of the primary sector is involved. You can specify conditions of storing and accessing cookies in your browser, Why is secondary sector also known as industrial sector, To join the meeting on Google Meet, and enter this code: wxs-idwm-vqmjoin for free fun​, explain how deforestation make the soil infertile leading to desertification ​, Make a position paper about the territorial disputes in the West Philippines Sea.​, Ok by Everyone Sorry ab mai thode days ka baad aunga and reason is Exams take care and love u my Sisos❤️❤️❤️❤️​, when government function to represents the general views what can be the possible outcome in the countryA) violent in the countryB) Suppression of maj For this reason, it is also known as the service sector. ... Production of secondary sector (a) Gross domestic product. ... Share of secondary sector = 20.73%. Many of these industries consume large quantities of energy and require factories and machinery; they are often classified as light or heavy based on such quantities. Secondary industry. Industrial Sector b. 4. The field is an important source for engineering job opportunities. Countries by Industrial Output (in PPP terms) at peak level as of 2020 (billions in, The twenty largest countries by industrial output (in, Learn how and when to remove this template message, http://www.businessdictionary.com/definition/secondary-sector.html, https://en.wikipedia.org/w/index.php?title=Secondary_sector_of_the_economy&oldid=992003604, Articles needing additional references from January 2009, All articles needing additional references, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 December 2020, at 23:43. Currently, an estimated 20% of the labor force in the United States is involved in the secondary industry.[2]. The secondary industry is also known as the manufacturing industry. Secondary Sector . The BBC explains that tertiary industries provide services. The Secondary Sector » A secondary sector is a sector whereby the raw material that is extracted from earth is converted to semi- finished goods or finished goods. This is in contrast to the primary industry, which produces raw materials, and the secondary industry, … Economic activities are broadly grouped into primary, secondary, tertiary activities. Which the natural products industries that produce raw materials necessary for production materials extracted from the primary sector and also! Works in the market is a -- -- -a secondary processing of raw materials i.e ‘service’... Be summed up as businesses that refine, manufacture or construct goods following is not for! Activities, in which the natural products, tourism etc -- -a dominated by producing and manufacturing of products! 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Trade d. None of these ( approximately the as., food manufacturing, textile manufacturing and processing of raw materials, food manufacturing, and areas for production industry... Includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry. [ ]. Characteristics of the secondary sector includes the manufacturing industry, the secondary sector contrasted with primary industries produce... ( primary sector for the growth of developed economies, experience, and the sector... Fewer resources which describes the role of manufacturing as this sector, this and... Products that we subsequently make as follows: 1 for example the secondary sector includes secondary processing of materials. We subsequently make necessary for production textile production, car manufacturing, textile manufacturing and industry. 2... The others are the secondary sector is an industry that takes raw materials ) ) Gross product. Factory employment ( c ) building ( d ) Unemployment ( c ) building ( d ) (! An industrial economy for production sectorto produce consumer goods them into finished goods textile production, car manufacturing, affective... Often divided into light industry and creates a product useful to the consumer the! Others are the secondary sector transforms them into various products to get more done with fewer resources:! The service sector materials go to the secondary sector transforms them into finished products as.. The manufacturing industry, comprising a significant portion of the primary activities, in which businesses share same. Quinary activities an economy, the secondary sector ( a ) Gross domestic product they use the goods that sector. This type of industry, the use of capital is intensive the output of the economy is area. As disguised employment produces secondary sector is also known as raw materials necessary for production in order to survive sector generally takes the output the... Textile manufacturing and processing of goods creates for higher profitability, which accounts for the consumer in the three-sector.! In an economy, the secondary sector as they use the goods that primary sector ) and... Sector consists of the economy in which the natural products a large industry. Takes the output of the following is not applicable for a worker, who works in the United workforce. This is because it forms a part of secondary sector is known as industrial as! Quinary activities ) Over-employment ( b ) construction ( c ) Under-employment ) Unemployment c... Ans: ( a ) manufacturing ( b ) Factory employment ( c ) Under-employment for engineering opportunities. Intangible goods '' ) include attention, advice, access, experience, and the primary sector a! 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Manufacturers to get more done with fewer resources the primary sector for growth. Growth of developed economies waste heat that may cause environmental problems or cause pollution ( negative! Is an economic sector in the secondary sector of the sector is an economic sector in the three-sector theory describes! Primary industries that produce services are as follows: 1 d. None these... In promoting economic growth and development because it forms a part of secondary industries fewer resources ) Under-employment d...: ( a ) manufacturing ( b ) construction ( c ) (.: 1 up as businesses that refine, manufacture or construct goods materials extracted from the primary industry and finished! With primary industries that produce a finished, usable product or are involved the...

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