Why secondary sector is important?

(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 is importance of secondary activities in the world?

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.

Why secondary sector is more important than tertiary sector?

Secondary sector is important because it is use to convert the primary sector goods into other forms which are used by consumers. It is also known as industrial sector. Tertiary sector is important bcoz it involves almost 50% of our population. It provide employment to uneducated and unskilled workers too.

What is the use of secondary sector?

The secondary sector covers the manufacturing of goods in the economy, including the processing of materials produced by the primary sector. It also includes construction and the public utility industries of electricity, gas, and water.

What is the economic importance of secondary sector in Jammu and Kashmir?

Jammu and Kashmir has rules which are different from other places in India. Living there is difficult and thus people find it harder to get jobs. Thus the secondary sector plays a major role by providing people with the jobs and boosting the economy of the state at the same time.

What is the importance of the secondary sector explain its share in present GDP and its contribution towards a country’s development?

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 …

Why did the secondary sector later became the most important sector *?

A. People began to use many more goods that were produced in factories at cheap rates.

What are the significance of secondary and tertiary sector?

The well-being of other two sectors depends upon Agriculture. If agriculture sector is well with good yields then Secondary Sector which consists of industries run smoothly. Most of the industries are based on agricultural products. Tertiary Sector means service sector.

What is the contribution of secondary sector in Indian economy?

This is also known as the secondary sector of the economy. Currently, it is contributing around 29.6 % of the Indian GDP (at current prices) in 2018-19.

What is the economic importance of secondary sector in J and K?

What are the benefits of developing a country’s secondary sector?

Advantages of secondary industries

  • Secondary industries have helped in generating opportunities for employment.
  • The finished products in our homes are the result of manufacturing and producing a process in this sector.
  • Secondary industries have helped in the growth and prosperity of countries.

Why is secondary sector important for economy?

The importance of the secondary sector is that It is the main producer of wealth in a country. Many economists compare this sector to the wealth of an economy. This makes manufacturing quite important as an activity in order to create further economic growth and development.

Why is secondary sector important?

The secondary sector is important as it helps to convert the goods from the primary sector into useful products for easy consumption by the customers.

What are the advantages of secondary sectors?

Secondary industries have helped in generating opportunities for employment. It offers livelihood to the highest number…

  • The finished products in our homes are the result of manufacturing and producing a process in this sector. These…
  • Secondary industries have helped in the growth and prosperity of countries. When people have enough,they are liable to…

    • What are the examples of secondary sector?

    Clay crafts. Clay is a material that is extracted from the earth.

  • The cigarette. The tobacco plant is extracted from the soil and its dry leaves are wrapped in fine paper,forming a cylinder.
  • Footwear.
  • Clothing or clothing.
  • Juice bottlers.
  • Drinking water.
  • Appliances.
  • Cars.
  • Pharmacy.
  • Sheets of paper.

    • What is primary sector and secondary sector?

    The 5 Sectors of the Economy Primary Sector. The primary sector of the economy extracts or harvests products from the earth such as raw materials and basic foods. Secondary Sector. The secondary sector of the economy produces finished goods from the raw materials extracted by the primary economy. Tertiary Sector. Quaternary Sector. Quinary Sector.