Question

Differentiate between primary
Sector and
Secondary Sections with examples​

Answer 1

Answer:

(i) Primary Sector (or Agriculture sector). It includes all those economic activities which are connected with extraction and production of natural resources, e.g., agriculture, fishing, mining, etc. (ii) Secondary Sector (or Industrial sector). ... It facilitates smooth flow of goods and services in the economy.

Answer 2

Answer:

Primary Sector refers to the sector wherein the production of goods and services is done by the exploitation of natural resources.

Secondary sector

refers to the economic sector which transforms raw materials into finished goods through a manufacturing process which has more utility

Explanation-

Primary Sector

Primary sector is the sector that deals with raw materials and their production. This sector consists of all of the areas of human activity that convert natural resources into products. These raw materials are products produced from agriculture, animal husbandry, crop production, fishing, forestry and mining. In less advanced economies, the primary sector will include most of the economy in these areas. Generally, as the economy’s growth is achieved, there will also be an increase in labour productivity that will enable workers to leave the agricultural sector and transfer to other sectors, such as the service or the manufacturing sector.

Secondary Sector

The secondary sector involves economic activities that generate finished products for consumption. Raw materials from the primary activities are taken and utilized to manufacture end products. In further technical explanation, the secondary sector is what we call industry. It’s an important sector in most of the world economies, and it started to alter society during the industrial revolution.

Tertiary Sector

The tertiary sector is the service sector. This sector is responsible for services delivered to both the primary and secondary sector. The tertiary sector employment share has developed in the ensuing years. It is an organised sector and uses better methods. Services related to insurance, banking, trade and communication come in this sector.

Primary sector-

extraction of raw materials – mining, fishing and agriculture.

Secondary-

manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricty

‘tertiary’ sector –

concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and I.T. services.

Quaternary sector (knowledge economy, education, research and development).

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