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. (primary sector), grow slowly and remain under-developed or developing economies. It is considered one of the oldesteconomic activities. toppr. They also produce waste materials and waste heat that may cause environmental problems or cause pollution (see negative externalities). The service sector consists of the production of services instead of end products. For example Tertiary Sector After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. This sector generally takes the output of the primary sector and manufactures finished goods or where they are suitable for use by other businesses, for export, or sale to domestic consumers. Secondary sector is also known as industrial sector as most of the development of the sector is related to industries. It encompasses the industries which produce a finished, usable product or are involved in construction . Industrial Sector b. Manufacturing and Industry sector known as the secondary sector, sometimes as the production sector, includes all branches of human activities that transform raw materials into products or goods. Mining is a type of industry dedicated sector. The secondary sector include industries that produce a finished, usable product or are involved in construction. Primary sector is also known as agriculture and allied sector because the secondary and tertiary, both the sectors are dependent on primary sector which provides the ⦠It directly obtains the resources provided by nature. Service sector also known as tertiary sector includes all branches of human activity whose core is to provide services, thus providing a work, knowledge, financial resources, infrastructure, goods or their combination. This is in contrast to the primary industry, which produces raw materials, and the secondary industry, ⦠Manufacturing and Industry sector known as the secondary sector, sometimes as the production sector, includes all branches of human activities that transform raw materials into products or goods. The tertiary sector of the economy is also known as the service industry. For this reason, it is also known as the service sector. The most important characteristics of the primary sector are as follows: 1. [1], Manufacturing is an important activity in promoting economic growth and development. 4. Upvote(0) How satisfied are you with the answer? Such a situation arises when more people are engaged in a work than required. Among developed countries, it is an important source of well-paying jobs for the middle class to facilitate greater social mobility for successive generations on the economy. A large secondary industry is characteristic of an industrial economy. 3. Since most of the natural products are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The others are the secondary sector (approximately the same as manufacturing), and the primary sector (raw materials). Tertiary sector: the services sector or the tertiary sector includes trade, transport and communication; financing, insurance, real estate, business services, etc. 3. Assembling large items from parts is also part of secondary industries. 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. Answer. Nations that export manufactured products tend to generate higher marginal GDP growth which supports higher incomes and marginal tax revenue needed to fund quality-of-life initiatives such as health care and infrastructure in the economy. The secondary sector of the economy including industries that produce a finished, usable product or are involved in construction.. 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 Information sharing (knowldge economy) is also a part of tertiary sector, however now some people have started using quarternary sector for this sector. All industries make this sector and hence also known as industrial sector. The tertiary sector of the economy is the service industry. 3. Once the primary sector produces the raw materials, the secondary sector transforms them into various products. …, ority over minorityC) peaceful accommodation in the countryD)None, It’s difficult to trace the history of tribal societies of the medieval period? It covers the basic needsof human beings in order to survive. ... Other sectors of economy: Raw materials (primary sector) Service sector (tertiary sector) The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry. A secondary industry is an industry that takes raw materials as input and creates finished products as output. Services (also known as "intangible goods") include attention, advice, access, experience, and affective labor. It encompasses the industries which produce a finished, usable product or are involved in construction. Hence it forms a part of the secondary sector. Technology allows manufacturers to get more done with fewer resources. Manufacturing and Industry sector known as the secondary sector, sometimes as the production sector, includes all branches of human activities that transform raw materials into products or goods. This situation is also known as Hidden Unemployment. Since this sector gradually became associated with the different kinds of industries that came up, it is also called as industrial sector. Most of the time, raw materials go to the secondary sectorto produce consumer goods. 2. raw materials) and creates finished goods suitable for use by other businesses, for export, or for sale to domestic consumers (via distribution through the tertiary sector). In an economy, the industrial sector is dominated by producing and manufacturing of finished products. ... Share of secondary sector = 20.73%. ... Production of secondary sector (a) Gross domestic product. They will take the raw materials from the primary sector and turn them into finished goods. Transportation, health care, food service, retail sales, advertising, entertainment, tourism, banking and law are all examples of tertiary-level sectors of the economy. The secondary sector is usually strongest in so-called "transitional" economies that are changing from traditional to market economies. Tertiary Sector Refers to Commercial Services. A sector is an area of the economy in which businesses share the same or a related product or service. » Secondary sector activities of the secondary sector follow the primary activities, in which the natural products are changed to manufacture different commodities. Hotel and restaurant c. Trade d. None of these. The secondary sector is also known as ..... as this sector produces useful items from natural products. Secondary Sector: Also known as âmanufacturing sectorâ, and this includes all those activities, where direct use out of the primary sector is involved. These goods are also known as manufactured goods. 4. Answer By Toppr. Manufacturing c. Restructuring d. None of these. Countries that rely on agriculture and other raw materials i.e. It is in charge of providing food for human consumption and some animals. It employs a lot of raw materials, facilities, and areas for production. The secondary sector depends on the primary sector for the raw materials necessary for production. (a) Over-employment (b) Factory employment (c) Under-employment (d) Unemployment (c) Under-employment. This sector generally takes the output of the primary sector (i.e. Heavy industries of the secondary sector Heavy Industry refers to the production of large-scale goods with a large-scale manufacturing process. Which of the following is not applicable for a worker, who works in the organised sector? Primary sector of the economy is mining, agriculture and fishing, Secondary sector is manufacturing, the tertiary sector of the economy is also known as the service sector or the service industry. 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