What is the advantages of secondary industry?

Important activity to promote economic growth and development. Nations that export manufactured products tend to generate higher marginal GDP growth which supports higher income and marginal tax revenue needed to fund the quality of life initiatives such as health care and infrastructure in the economy.

What are the advantages of secondary sector to the economy of a country?

(i) The Secondary sector contributes more than 20% to the GDP of India. (ii) It provides employment to the people. (iii) It provides goods to the people like cloth, sugarcane, iron and steel. (iv) The Secondary sector promotes the development of the Primary and the Tertiary sectors.

What are the characteristics of secondary sector?

The chief features of the secondary sector are as follows:

• Secondary sector covers activities in which primary goods are used to produce some other commodity.
• Secondary sector mainly includes services such as manufacturing, construction, gas, water electricity supply, etc.

What is the most important secondary industry?

This sector includes agriculture, forestry, animal husbandry, fishing, mining etc. This sector is more important in developing countries than in developed countries. The secondary sector of the economy including industries that produce a finished, usable product or are involved in construction.

Which is the example of secondary sector?

Secondary industry Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products. Examples of secondary industries include heavy manufacturing , light manufacturing , food processing, oil refining and energy production.

Is the secondary sector important?

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 predomi- nant …

What are the examples of secondary sector?

Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products. Examples of secondary industries include heavy manufacturing , light manufacturing , food processing, oil refining and energy production.

What are secondary sectors give example?

Secondary industries are those that take the raw materials produced by the primarysector and process them into manufactured goods andproducts. Examples of secondary industries include heavy manufacturing, light manufacturing, food processing, oil refining and energy production.

What are the examples of secondary?

Examples of secondary sources include:

• journal articles that comment on or analyse research.
• textbooks.
• dictionaries and encyclopaedias.
• books that interpret, analyse.
• political commentary.
• biographies.
• dissertations.
• newspaper editorial/opinion pieces.

What is the other name of secondary sector?

industrial sector
The secondary sector is also known as the industrial sector.