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Secondary Industry: Definition and Explanation

Secondary industry is a type of industry that involves the transformation of raw materials into finished products. In other words, it involves the manufacturing and construction sectors of the economy. This sector is also known as the industrial sector or the production sector.

Examples of Secondary Industry

Some examples of secondary industry include:
- The construction industry
- The automobile industry
- The electronics industry
- The textile industry
- The food processing industry

Purpose of Secondary Industry

The purpose of secondary industry is to take raw materials and transform them into finished products. This adds value to the raw materials and creates products that can be sold to consumers or other businesses. This sector is important because it provides jobs and generates revenue for the economy.

Relationship with Primary and Tertiary Industries

Secondary industry is closely linked to both primary and tertiary industries. Primary industry involves the extraction of raw materials, while tertiary industry involves the provision of services. Secondary industry takes the raw materials from primary industry and turns them into finished products. Tertiary industry then provides services related to the distribution and sale of these products.

Conclusion

Secondary industry plays a critical role in the economy by creating finished products from raw materials. This sector is closely linked to both primary and tertiary industries and is essential for generating jobs and revenue.
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what is meant by secondary industry Related: Business and Profession ...
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what is meant by secondary industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11
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