Retail is a key part of the tertiary sector because it serves as the direct link between producers and consumers. Retailers buy goods in bulk from manufacturers or wholesalers and sell them in smaller quantities to individuals in shops, markets, ...

Manufacturing is significant in the secondary sector because it transforms raw materials from the primary sector into finished goods that are more useful and valuable. For example, cotton is turned into textiles, and wood is made into furniture. This process ...

Secondary activities differ from primary activities in that they involve the processing and manufacturing of raw materials into finished goods, while primary activities focus on extracting natural resources directly from the Earth. For example, farming and fishing are primary activities ...

Monetary value refers to the worth of a good or service expressed in terms of money. It represents how much a product or service is worth in the market, and is determined by factors like supply, demand, and production costs. ...

Forming a cooperative like AMUL offers several benefits. It allows farmers to work together and pool their resources, ensuring they get a fair price for their milk without depending on middlemen. AMUL helps farmers by providing them with better income, ...