Question

What are the three differences between secondary and tertiary sector

Answer 1

The secondary sector is the part of the economy that transforms the raw materials into goods for sale or consumption. The tertiary sector is the part of the economy that involves the sale or trade of services instead of goods.

Answer 2

The secondary and tertiary sectors are the two of the important sectors of economy which significantly contribute to the economic growth of many developed and developing nations.

Explanation:

Key difference between secondary and tertiary sector:-

1. Secondary sector in the economy is commonly identified as manufacturing sector comprising mostly of the industries producing major industrial goods and commodities.Tertiary economic sector is mainly characterized as service which involves human service,hospitality and skills or knowledge.
2. Secondary sector engages optimal utilization and management of primary or intermediate inputs and raw materials to produce finished or final goods or commodities.Tertiary or service sector majorly involves use of human resources,skills and expertise to provide necessary services to the respective customers.
3. Some examples of secondary sector industries widely include industrial goods or commodities such as steel,aluminium,light and heavy manufacturing goods,food processing,energy resources and so on.On the other hand,some of the prominent examples of service or tertiary sector includes hotel industry,restaurant industry,banking and financial services,health/medical services,legal services or consulting and so forth.