How does the manufacturing or secondary sector make goods move valuable?
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The manufacturing industry takes raw materials and combines them to produce a higher value added finished product. For example, raw sheep wool can be spun to form a better quality wool. This wool can then be threaded and knitted to produce a jumper that can be worn.
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Manufacturing activities add value as they transform raw materials into products which are further sold in the market.
- The secondary sector is dependent on the primary sector but there is more value added after processing of goods in industries which leads to greater profitability.
- This also creates a pool of jobs in the economy and helps to quickly increase people's living conditions and the per capita income.
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