What is the importance of secondary activities in the world
Answers
Answer:
The secondary sector is dependent on primary sector but after processing of goods in industries its value addition is more which leads to more profitability. It generates more employment in the economy and helps in improving the standard of living and per capita income of the people rapidly.
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Explanation:
●Secondary : The secondary sector of the economy manufactures finished goods.
●All of manufacturing, processing, and construction lies within the secondary sector.
●Activities associated with the secondary sector include metal working and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and bottlers, construction, and shipbuilding.
●Industries which are involved in making more valuable and useful goods from the products of primary activites such as agriculture, forestry, fishing and mining are called secondary activities.
●A secondary activities is an activity performed by a unit in addition to its principal activity.
●It generates more employment in the economy and helps in improving the standard of living and per capita income of the people rapidly.
●The secondary sector is dependent on primary sector but after processing of goods in industries its value addition is more which leads to more profitability.
● Manufacturing activities helps to produce finished products which forms a part of secondary sector's activities.
●The basic function of secondary activities or manufacturing is to change raw materials into products of more value to people.
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