In the process of making textbooks, the secondary sector is responsible for printing the books. This sector encompasses the manufacturing and processing activities where raw materials, such as paper and ink, are transformed into finished products—in this case, textbooks. The ...
Tiwari Academy Discussion Latest Questions
The term secondary sector refers to the part of the economy that involves the processing and manufacturing of raw materials into finished goods. This sector includes industries such as manufacturing, construction, and production, where raw materials sourced from the primary ...
Walking in a park is considered NOT an economic activity because it does not involve the creation of monetary value or the exchange of goods and services. Economic activities are defined as actions that generate income, wealth, or financial gain, ...
The primary sector is best described as the part of the economy that involves the extraction and production of natural resources directly from the environment. This sector encompasses activities such as agriculture, fishing, forestry, and mining, where raw materials are ...
A key feature of a cooperative like AMUL is its collective ownership and democratic governance structure, where members—typically farmers—have an equal say in decision-making processes. This cooperative model empowers farmers by allowing them to pool resources, share profits, and participate ...
The secondary sector depends on the primary sector for its raw materials, which are essential for manufacturing and processing activities. For instance, industries in the secondary sector rely on resources such as agricultural products, minerals, and timber sourced from the ...
In the dairy cooperative example, the tertiary sector plays a vital role by providing essential services that support the entire dairy supply chain. This includes activities such as transportation, marketing, and distribution of dairy products like milk, cheese, and butter. ...
The transformation of wood into paper belongs to the secondary sector of the economy. This sector involves the processing and manufacturing of raw materials into finished goods. In this case, wood, which is a raw material from the primary sector ...
The term monetary value refers to the worth of a good or service expressed in terms of currency. It quantifies the amount of money that is required to purchase a particular item or service, reflecting its economic value in the ...
An example of an activity that is NOT a secondary sector activity is agriculture. The secondary sector focuses on manufacturing and processing raw materials into finished goods, such as transforming steel into cars or wood into furniture. In contrast, agriculture ...