ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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quaternary
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quinary
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primary
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secondary
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Detailed explanation-1: -Clustering is the phenomenon whereby firms from the same industry gather together in close proximity. It is particularly evident in industries like banking.
Detailed explanation-2: -Deindustrialisation refers to the contraction and decline of the weight of manufacturing industry within an economy (Martin and Rowthorn, 1986; Pike, 2009).
Detailed explanation-3: -Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy.
Detailed explanation-4: -Manufacturing industries not only help in modernizing agriculture, which forms the backbone of our economy, they also reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.