Question

what is the criterion to classify an economic activity as secondary sector?  explain giving example

Answer 1

Secondary sector is also called as manufacturing sector or industrial sector. The primary sector cannot satisfy all human requirements. We need certain industrial goods to make our lives comfortable. The sector which transforms one physical good into another is called secondary sector. The manufacturing, electricity, gas, water supply etc. are included in this sector.

Primary sector: Simply speaking primary sector refers to that sector of the economy which uses natural resource to produce goods.
Natural factors play crucial role in the production process. Agriculture and allied activities like mining, fishery, forestry, diary and poultry are included in this sector.

Primary sector dominates in under-developed countries.

Answer 2

Answer:

The criterion to classify an economic activity as secondary sector  

Explanation:

There are four basic categories of economic activities:

The Primary  sector that is raw materials.

The Secondary quarter, which comprises industry and production.

The Tertiary zone this is offerings.

The Quaternary sector, which we additionally appeal to the 'know-how region'.

financial sports are labeled as primary, secondary and tertiary sports on the basis of nature of interest this is undertaken.

• People in the country are worried in numerous economic activities.
• A few human beings are concerned in generating offerings, some people are into generating gadgets, a few people are into agricultural production.
• A few sorts of financial activities require fairly knowledgeable and noticeably professional people.
• Some forms of financial activities do now not require fairly expert personnel.
• Because of this it's far essential to categorize the financial sports into 3 differing types.
• We classify financial activities into three special businesses based totally totally on one-of-a-kind criteria's and those corporations also are known as sectors.

What is the criterion to classify an economic activity as secondary sector?  explain giving example

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