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, ...

Agriculture is considered a primary activity because it involves the direct use of natural resources to grow crops and raise animals for food, raw materials, and other products. In agriculture, farmers work with the land, water, and soil to cultivate ...

Value addition in the secondary sector refers to the process of transforming raw materials from the primary sector into finished goods or products that are more valuable. For example, raw cotton is processed in factories to make fabric, or iron ...