एक्सप्लेन द सेक्टर आफ इकोनामी
Answers
Answer:
A sector is an area of the economy in which businesses share the same or a related product or service. It can also be thought of as an industry or market that shares common operating characteristics. Dividing an economy into different sectors allows for more in-depth analysis of the economy as a whole.
Answer:
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). Many of these industries consume large quantities of energy and require factories and machinery; they are often classified as light or heavy based on such quantities. They also produce waste materials and waste heat that may cause environmental problems or cause pollution (see negative externalities). Examples include textile production, car manufacturing, and handicraft.[1]