Explain industrial sector.
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Industrial sector or secondary sector is one of the 3 sectors that make up a country's economy. The other two are the primary sector (includes agriculture, fishing, and mining) and service sector (includes hospitality, consultancy and nursing). ... Examples of industrial sector are manufacturing industry and construction.
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The economy's industrial sector is one that produces finished products that can then be used.
- Industry refers to a group of firms or organizations, while the term sector refers to a large segment of the economy. The terms industry and sector are used together to describe a group of companies that operate and share a similar type of business in the same segment of the economy.
- Industrial sector embraces the end product of the primary sector and then uses it to create the finished products which are either purchased by the end user or sent for further processing or manufacturing. It is possible to classify the industrial or secondary sector into two types: heavy industry and light industry.
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