Question

Define secondary sector of the economy.

Hint:

Think of the secondary sector as the "making" or "building" sector of the economy. It's all about manufacturing and construction.

Answer 1

The secondary sector of the economy is the sector that transforms raw materials, provided by the primary sector, into finished or manufactured goods. It encompasses all manufacturing, processing, and construction industries. For example, it includes turning cotton into cloth, iron ore into steel, and assembling parts to make automobiles.