ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Secondary economic activities are those that process raw materials into finished products.

Detailed explanation-2: -The secondary sector includes all manufacturing activities where raw materials are transformed into finished goods. Industries related to construction, automobiles, household appliances, electronics, etc., are all counted under the secondary sector.

Detailed explanation-3: -The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

Detailed explanation-4: -Primary sector: Represents companies that are involved in extracting natural resources and agriculture. Secondary sector: Companies involved in manufacturing, construction, and processing producing goods that use the resources obtained from companies within the primary sector.