Question

A government minister in country x says the secondary sector will always be more important than tertiary sector. Do you agree ?

Answer 1

Explanation:

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.

This sector generally takes the output of the primary sector (i.e. 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).

Answer 2

Answer:

NO, if secondary succeeds then tertiary succeeds too

Explanation:

The secondary sector of industry manufactures goods using raw materials provided by the primary sector of industry. An example is a car manufacturer using steel from natural resources like coal + iron ore. The tertiary sector of industry provides commercial services to consumers + other sectors of industry. An example of this is a freight company making deliveries for secondary sector manufacturers.Secondary will be more important if Country X invests in secondary industries, like car manufacture, as cars are a standard purchase rather than a luxury. If incomes continue to rise, however, consumers will spend more of their wages on tertiary sector services, like tourism, so Country X may lose competitivenessin secondary goods. Overall, then, secondary success leads to tertiary success + importance of the former decreases proportionally as the latter increases. Secondary industries thrive if Country X specializes in 1 or 2.