ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -1. Agriculture, forestry and fishing are classified as primary activities. 2. Manufacturing, mining as secondary activities.

Detailed explanation-2: -Manufacturing Industries are a part of secondary sector of the economy since it produces finished product.

Detailed explanation-3: -The secondary sector consists of processing, manufacturing, and construction companies. The secondary sector produces goods from the natural products within the primary sector. The secondary sector includes the following business activities: Automobile production.

Detailed explanation-4: -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.

Detailed explanation-5: -The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries.