The primary sector, is related to natural resources of the country, in the sense that it makes use of natural resources for the production of raw materials and supplies which are used by the industries or households for consumption.On the contrary, the secondary sector encompasses construction and manufacturing activities. Understanding Secondary Market . The secondary sector is often described as the middle path or the second step that had its origin in the raw materials from the earth and will finish at the hands of consumers with the help of finished products made by secondary industries. (ii) This sector transforms one good into another by creating more utility from it. the secondary sector definition: 1. industries where finished products are made from materials produced in the primary sector 2…. Hence, making it one of the most authentic sources of collecting secondary data. Examples of tertiary sector industries include retail, health care, financial services, entertainment, and many others. Like wood for example, there are factories that make chairs. Secondary sector involves the industrial production. In the developed country like the U.S.A., nearly 20% of the workforce is involved in this sector, and they are known as the blue-collar workers. Also according to some interpretations, other activities that belong to this sector are the entertainment industry, media, culture, and government. Each sector is interdependent on the other so that the economy as a whole functions properly and efficiently. SECONDARY SECTOR 2. (iv) It includes manufacturing units, small scale units, large firms, big corporates and multinational corporations. These activities are: construction, mining, production of energy and industry. The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry. So the primary sector differs from the public sector in that the primary sector deals with extraction of raw materials for example mining and farming. 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. Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities. Higher services under tertiary activities are again classified into quaternary and quinary activities. Secondary Sector . Processing and packaging raw materials is also considered a primary sector. (ii) Secondary sector: The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that are associated with industrial activity. Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products. Secondary Industries involves the transformation of the raw material into the finished or manufactured goods. Learn more. The tertiary or service sector are all jobs that offer a service to the public. Most of this sector is mechanical engineering. Secondary Sector: processing of sugar cane to make sugar Tertiary sector: Transportation of sugar cane into factories for processing it into sugar ; Transportation of sugar packs to various markets ; Sale of sugar by wholesalers and retailers. In the secondary sector, the product is then made into consumable item(s) which is then distributed by the tertiary sector. In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory which describes the role of manufacturing.It encompasses the industries which produce a finished, usable product or are involved in construction.. Categorizing Business and Industry. Similar to the primary sector, technology is a major factor in the secondary sector's decline. Some prominent examples of finished products from secondary industry are described here. They will take the raw materials from the primary sector and turn them into finished goods. This lesson will cover the quinary (fifth level) sector of the economy, and provide examples of the types of roles that inhabit this sector. The manufacturing sector takes raw materials and converts them into finished products. Businesses produce all sorts of goods and services. What are the sectors of the economy? The primary sector is where the materials for the secondary sector are gathered. Examples include - sheep, fish, wind, water, pine trees. MINING It consists of the extraction of minerals of the subsoil. Tertiary Sector. Let us first understand the differences between the different sectors of the economy, so … Since cultivation is part of agriculture, it comes in the primary sector. For example… This sector has developed because of the demand for more goods and services, and it also helps in the industrialization process. This sector generally takes the output of the primary sector (i.e. Manufacturing – Secondary sector. Nearly 3 percent of American workers have jobs in primary sectors. the secondary sector meaning: 1. industries where finished products are made from materials produced in the primary sector 2. the…. The secondary sector includes the manufacturing industry, comprising a significant portion of the United States workforce. Activities associated with this sector include retail and wholesale sales, transportation and distribution, restaurants, clerical services, media, tourism, insurance, banking, health care, and law. Examples of quaternary industry or sector Some industries in the quaternary sector are consultancy, financial planning, designing, information technologies, research and development (R&D) and generation of information. Learn more. Examples of workers in this sector would include top CEOs of companies, presidents of universities and media executives. Secondary research includes research material published in research reports and similar documents. Primary, secondary and tertiary sectors There ... For example, metals and coal have to be mined, oil drilled from the ground, rubber tapped from trees, foodstuffs farmed and fish trawled. Secondary Sector (i) It is known as manufacturing sector. The secondary sector, on the other hand, uses sponge iron and scrap to make steel in small induction furnaces (IF). 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.. Other sectors of economy:. ... Capital intensive production is often used in the secondary sector where machines are able to carry out many of the tasks. Construction, … Education, healthcare, entertainment, transport or trade are part of the tertiary sector. For example, fish removed from the sea becomes processed and placed in food-safe tins. Examples of primary sectors of industry including agriculture, mining, oil exploration, forestry, farming, fishing and hunting. This sector is known as the secondary sector as they use the goods that primary sector businesses have produced. 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