Computer possess an edge over manual working due to its speed and reliable results.Now-a-days,computer... What Is The Importance Of Statistics In Business Sector? It is used as a means for producing products for the end consumer. Definition Importance of computer in banking sector... What Is The Importance Of Salesmanship In The Economy? 2. The reasons why this sector is gaining importance can be summed up in following points: 1. He secondary sector Is made up of all those activities that involve the transformation of goods, which are used as raw material for the manufacture of other elements. What Is The Importance Of Computer In Banking Sector? Answer (1 of 3): The secondary sector is important as it helps to convert the goods from the primary sector into useful products for easy consumption by the customers. 3. Asked by Wiki User. The manufacturing sector is concerned with using raw materials from the primary sectors, such as iron and coke and the production of finished goods, such as cars. Hey, we beyond any doubt trust these tips have assisted you with trip! What Are The Roles Played By The Primary Sector In The Gdp?motivate Your Answer In The Form Of Jobs Offered,salaries And The Value Of Products To Developing Countries. These sectors form the basis of economies of developed countries. In a developing country like India all the three sectors are equally important. Presently an estimated 20% of the labor force in the United States is involved in the secondary industry. What is Leadership Assessment? 10 Facts About the Importance of Secondary Education Secondary Sectors importance in Indian economy: (i) The Secondary sector contributes more than 20% to the GDP of India. First of all, secondary sector is the firm that manufacture and process products from natural resources. Tertiary Sector means service sector. Salesmanship in the economy can convince us buy more products and take much more economic benefits for... What Is The Effect Of Strike In Nigeria Economy And Educational Sector? Support to tertiary sector. (Special Correspondent, 2011). the economic sector is divided into three sectors: 1. This can be contrasted with primary industries that produce raw materials and tertiary industries that produce services. This is contrasted with the secondary sector, producing manufactured and other processed goods, and the tertiary sector, producing services. The importance of secondary sector are: Increase total national output. Role of tertiary sector in the Indian economy : (i) India in developing country. In a country like USA Tertiary is very important and then Secondary. These products have helped in making our life easier. The primary industry helps in growing the cotton that is sent to the secondary industry, which, after several important stages, makes it into beautiful apparel. The primary, secondary and tertiary sectors represent various business types and the goods they procure and sell in an economic setup. Your email address will not be published. This, in return, supports marginal tax revenue and high incomes required to fund infrastructure and healthcare in an economic structure. For the last 30 years there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialized countries. The Secondary sector is industry, with the Tertiary being the service industry.Importance Some countries still operate on a predominantly first sector basis. Explain, with examples, why the pattern of employment might change as an economy develops. Primary industries or sectors are concerned with extracting and acquiring raw materials, secondary industries revolve around manufacturing products from raw materials and tertiary industries focus on services that support primary and secondary industries. For example, the steel used to manufacture cars. Secondary research is a research method that involves using already existing data. It is a fact that the countries that can export their manufactured merchandise successfully are liable to generate elevated marginal GDP growth. The secondary industry deals with the output produced by the primary industry for sales and export purposes. Characteristics of the primary sector. posted by John Spacey, August 11, 2019 The secondary sector of the economy is any industry based on a finished physical product. This is the key sector that has the potential to change world economies. Value to the GDP of India recent times fastly and contributing very high amount in GDP to drive the of. 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