Give the characteristics of secondary sector
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[1] Examples of service may include retail, insurance, and government. These economists contend that an economy begins to decline as its wealth-producing sector shrinks.[2] Manufacturing is an important activity to promote economic growth and development.
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Secondary sector is also called as manufacturing sector. Factories and Corporation companies which make cosmetics, Food items, etc are included in this sector.
Characteristics of Secondary Sector:
1. It contributes more than 20% in the GDP.
2. It provides employment to the people.
3. It provides goods to the people like cloth ,iron.
4. It promotes the development of primary and tertiary sector.
5. It makes the people to run their life.
Characteristics of Secondary Sector:
1. It contributes more than 20% in the GDP.
2. It provides employment to the people.
3. It provides goods to the people like cloth ,iron.
4. It promotes the development of primary and tertiary sector.
5. It makes the people to run their life.
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