![]() The industries in this sector are classified as heavy industry and light industry: ![]() It includes manufacturing, engineering and construction industry. This sector is known for adding value to the natural resources by transforming the inputs into products which are valued by the people. raw material and supplies and process the same to the extent where the output can be used by other business entities, for further processing, export or selling them to the domestic consumers or as an intermediate good which helps in the manufacturing of other product. The secondary sector of the country covers those economic activities that produce finished and ready to use products.īusinesses engaged in the secondary sector have ‘manufacturing’ as their core job and so they utilize the output of primary sector, as input, i.e. Developed economies often use advanced techniques and heavy machinery so as to increase efficiency and also to reduce the workforce employed. The types of machinery used in this sector can range from light to heavy, depending on its development level. This sector is said to be the largest in terms of employment, especially in developing countries. This may include reaping explicitly from the wild, cultivating crops, rearing domesticated animals, hunting and gathering, forestry and logging, extracting minerals and fuels from the earth or utilizing non-renewable sources of energy from the environment. Primary Sector comprises of businesses that are engaged in the extraction and exploitation of natural resources directly as a key objective of its activities. Hence we can say that this sector is greatly dependent on the availability and accessibility of natural resources. Primary Sector can be defined as that economic sector which relies solely on the environment, as it covers activities concerning the use of earth’s resources like water, land, wind, vegetation, materials and minerals. Manufacturing, production and conversion of goods, trade and commerce, engineering, transport and communication. Secondary Sector refers to the economic sector which transforms raw materials into finished goods through a manufacturing process which has more utility.Īgriculture, dairy, mining, fishing, forestry, animal husbandry, pasturing, hunting and gathering, etc. Primary Sector refers to the sector wherein the production of goods and services is done by the exploitation of natural resources. Content: Primary Sector Vs Secondary Sector In this context, we are going to talk about the difference between primary and secondary sector. ![]() Lastly, the tertiary sector concerns all the activities which involve the provision of services to the people such as education, medical, banking, insurance, etc. It aims at providing finished goods and tangible products to the customers, so as to satisfy their basic needs. On the contrary, the secondary sector encompasses construction and manufacturing activities. 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.
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