Question

identify and explain one reason each of the declining importance of primary and secondary sector in economy

Answer 1

Answer:

Primary sector :-

In less developed economies, the primary sector will comprise the biggest part of the economy. Typically as an economy develops, increased labour productivity will enable workers to leave the agricultural sector and move to other sectors, such as manufacturing and the service sector.

Secondary sector :-

The large scale manufacturing industries include steel, automobiles, aluminium, etc., The secondary sector forms a substantial part of GDP, it creates values (goods) and it is the engine of economic growth and is crucial for all developed economies, although the trend, in most developed countries, is the predominant .