ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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.

Detailed explanation-2: -The secondary sector covers all those activities consisting in varying degrees of processing of raw materials (manufacturing, construction industries).

Detailed explanation-3: -Construction is a secondary sector industry that provides finished buildings and infrastructure. Industry professionals transform raw materials such as concrete, wood, glass and other materials into structures that consumers buy through development companies and the real estate market.

Detailed explanation-4: -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-5: -In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction.