1. The secondary sector is responsible for processing raw materials sourced from the primary sector into finished goods. This sector includes industries like manufacturing, construction, and production, where raw materials such as minerals, agricultural products, or timber are transformed into productsRead more

    The secondary sector is responsible for processing raw materials sourced from the primary sector into finished goods. This sector includes industries like manufacturing, construction, and production, where raw materials such as minerals, agricultural products, or timber are transformed into products like machinery, textiles, or buildings. By adding value through processing and manufacturing, the secondary sector plays a crucial role in economic development, job creation, and industrial growth. It acts as a bridge between the extraction of resources and the distribution of goods in the economy, contributing significantly to national productivity and infrastructure development. Therefore option 3 is correct answer.

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  2. Walking in a park is not considered an economic activity because it does not generate monetary value or involve the production, exchange, or consumption of goods and services for profit. It is a non-economic activity, often pursued for personal enjoyment, relaxation, or health benefits rather than fRead more

    Walking in a park is not considered an economic activity because it does not generate monetary value or involve the production, exchange, or consumption of goods and services for profit. It is a non-economic activity, often pursued for personal enjoyment, relaxation, or health benefits rather than financial gain. While activities like this contribute to individual well-being and quality of life, they do not directly impact economic systems in terms of income or wealth generation. Such activities are essential for maintaining balance between work and leisure, enhancing overall mental and physical health. Therefore option 2 is correct answer.

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  3. The primary sector consists of activities that directly involve the extraction and use of natural resources, such as agriculture, fishing, mining, and forestry. These activities form the foundation of the economy by providing raw materials that are essential for production in other sectors, like theRead more

    The primary sector consists of activities that directly involve the extraction and use of natural resources, such as agriculture, fishing, mining, and forestry. These activities form the foundation of the economy by providing raw materials that are essential for production in other sectors, like the secondary and tertiary sectors. In agriculture, for instance, crops are cultivated for food and raw materials, while fishing involves harvesting marine resources. The primary sector is crucial for sustaining basic needs and supporting industries that rely on natural resources, particularly in rural and developing regions. Therefore option 2 is correct answer.

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  4. A cooperative like AMUL is an organization that is owned and managed by its members, typically farmers or producers, who come together to make collective decisions for their mutual benefit. In AMUL’s case, dairy farmers collaborate to process and market their milk products, ensuring fair prices andRead more

    A cooperative like AMUL is an organization that is owned and managed by its members, typically farmers or producers, who come together to make collective decisions for their mutual benefit. In AMUL’s case, dairy farmers collaborate to process and market their milk products, ensuring fair prices and profits are shared among all members. The cooperative model empowers individuals by pooling resources and promoting equality, allowing small-scale producers to compete in the market. This structure fosters community welfare while also ensuring economic sustainability for its members. Therefore option 3 is correct answer.

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  5. The secondary sector depends on the primary sector for raw materials, which it processes and transforms into finished goods. For example, raw materials like cotton, timber, or minerals, extracted from the primary sector, are used by industries in the secondary sector to manufacture products such asRead more

    The secondary sector depends on the primary sector for raw materials, which it processes and transforms into finished goods. For example, raw materials like cotton, timber, or minerals, extracted from the primary sector, are used by industries in the secondary sector to manufacture products such as clothing, furniture, or machinery. This sector adds value through manufacturing and production processes, playing a key role in industrial growth and economic development. The secondary sector is essential in creating goods for consumer use, infrastructure, and further trade, linking the extraction of resources with broader economic activity. Therefore option 3 is correct answer.

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