ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Blake and Herman have opened a very successful furniture making factory. They are a part of which economic sector?

A	Secondary
B	Tertiary
C	Primary
D	Quaternary

Explanation:

Detailed explanation-1: -The secondary sector is also called the manufacturing industry. The main function of it is that it readies the resources or the materials that are raw and which are provided by the primary sector for use in goods and services.

Detailed explanation-2: -Heavy Industries, manufacturing, and textile products are examples of secondary economic activities.

Detailed explanation-3: -Examples of primary sectors are agriculture, forestry, and mining. Examples of the secondary sector are manufacturing units, small-scale units, large firms, and multinational corporations. Examples of tertiary sectors are Banking, communication, and trade.

Detailed explanation-4: -Automotive. The automotive industry is one of the world’s largest industries and includes companies that design and build motor vehicles or components for them. Food processing. Construction. Clothing and textiles. Consumer goods. Chemicals. Iron and steel, or metallurgy. Electrical. More items •24-Jun-2022

There is 1 question to complete.