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what is difference between secondary sector and terittory sector
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what is difference between secondary sector and terittory sector Relat...
Secondary Sector:
It is known as the manufacturing sector.
This sector transforms one good into another by creating more utility from it.
The secondary sector is organized and uses better methods of production.
It includes manufacturing units, small scale units, large firms and multinational corporations.
The employment rate is in equilibrium as a specialized set of skills is required to find employment in this sector
Tertiary Sector:
It is known as the service sector.
The tertiary sector provides useful services for the primary and secondary sectors.
This sector is well organized and uses modern-day logistics techniques to perform its functions.
Banking, insurance trade and communications come under this sector.
This sector’s employment share has increased in the ensuing years
It is known as the manufacturing sector.
This sector transforms one good into another by creating more utility from it.
The secondary sector is organized and uses better methods of production.
It includes manufacturing units, small scale units, large firms and multinational corporations.
The employment rate is in equilibrium as a specialized set of skills is required to find employment in this sector
Tertiary Sector:
It is known as the service sector.
The tertiary sector provides useful services for the primary and secondary sectors.
This sector is well organized and uses modern-day logistics techniques to perform its functions.
Banking, insurance trade and communications come under this sector.
This sector’s employment share has increased in the ensuing years
Community Answer
what is difference between secondary sector and terittory sector Relat...
The difference is simple, Secondary Sector manufacture raw products to produce goods and is also known as Manufacturing or Industrial Sector.
Tertiary sector is the one that generates services rather than goods. Therefore it is also known as Service Sector.
Tertiary sector is the one that generates services rather than goods. Therefore it is also known as Service Sector.
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what is difference between secondary sector and terittory sector Related: Long Answer Questions - Sectors Of The Indian Economy?
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