Economy, asked by Anonymous, 10 months ago

why secondary sector is known as value additional sector?​

Answers

Answered by mdatifnasim70mp64jpe
2

Secondary Sector is the most important sector of an economy. According to economic theory, countries dependent on agriculture and allied activities ie primary sector, grow slowly and remain under-developed or developing economies. The export the raw material to the rest of the world. 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. Similarly the service sector also flourishes with the improvement in industries. So Secondary sector is most important for the growth of and economy. so, it is known as additional sector

Answered by collectppt
6

Answer:

the secondary sector takes raw materials and combine them to produce a higher value product and a finished good . the secondary sector adds value to the additional sector by enhancing them(raw materials).

hence, secondary sector is also known as value additional sector.

hope this helps...

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