ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Uses raw materials to produce or manufacture something new.
A
Primary Industry
B
Secondary Industry
C
Tertiary Industry
D
None of the above
Explanation: 

Detailed explanation-1: -The industry’s scale is medium to large as it involves extracting the raw materials, which later act as the raw materials for secondary enterprises. As a whole, the primary industry is about producing.

Detailed explanation-2: -Heavy manufacturing, light manufacturing, food processing, oil refining, and energy generation are examples of secondary industries.

Detailed explanation-3: -Secondary activities involve manufacturing processes and construction (infrastructure) industries. It is concerned with transforming raw materials into valuable products, e.g., conversion of iron ore into steel, making yarn out of cotton, etc.

Detailed explanation-4: -So, what is a secondary industry? 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: -Raw material Examples, food processing, vegetable oil, cotton textile, dairy products, and leather industries. Mineral based industries: Mineral-based industries are based on mining and use ‘mineral ore’ as raw material. These industries also provide to other industries.

There is 1 question to complete.