Question

Explain the economic importance of secondry sector in the state of jand k

Answer 1

Secondary Sector is the most important sector of an economy. According to economic theory, countries dependent on agriculture and allied activities ie primary sector, grow slowly and remain under-developed or developing economies. The export the raw material to the rest of the world

First of all, secondary sector is the firm that manufacture and process products from natural resources. The importance of secondary sector are:

Increase total national output

Expand the manufacturing business

Support to tertiary sector

Government can increase the revenue

This is the major benefits of secondary sector.