Quick Answer: What Is The Difference Between Primary Secondary And Tertiary Activities?

What is the secondary activity?

A secondary activities is an activity performed by a unit in addition to its principal activity.

The result of a secondary activity is called secondary production..

What is an example of a secondary sector job?

Secondary industries are those that take the raw materials produced by the primary sector and process them into manufactured goods and products. Examples of secondary industries include heavy manufacturing , light manufacturing , food processing, oil refining and energy production.

What is tertiary activities explain with example?

Tertiary activity consists of all service occupations. Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities help in the development of the primary and secondary sectors. … So these are also known as support services.

What are examples of secondary economic activities?

Secondary economic activities involve the processing of raw materials (primary products). Examples would include turning timber into furniture and turning iron-ore into steel. Any factory can be seen as a system involving inputs (e.g. timber) processes (e.g. cabinet making) and outputs (e.g. tables and chairs).

What are primary and secondary economic activities?

One classical breakdown of economic activity distinguishes three sectors: Primary: involves the retrieval and production of raw materials, such as corn, coal, wood and iron. … Secondary: involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing.

What is primary secondary and tertiary sector with example?

1 Answer. Primary Sector :- All those economic activities that are undertaken by directly using natural resources are included in primary sector. For example, mining, forestry, fishing, poultry etc. … Tertiary Sector :- These are the activities that help in the development of the primary and secondary sectors.

What are 5 economic activities?

Five Categories of Economic ActivityRaw Materials and Primary Sector Jobs. Physical resources that are coaxed or extracted from the earth provide the basis for the primary sphere of economic activity. … Manufacturing and Industry. … The Service Industry. … The Intellectual Sector. … The Quinary Sector.

How would you differentiate between primary and secondary activities?

Differentiate between primary and secondary activities.Primary ActivitiesSecondary Activities1. Primary activities pertain to extraction of raw materials from the earth’s surface.1. These activities include industries that transform raw materials into finished goods having higher value.2 more rows

What is the relationship between primary secondary and tertiary production?

The sectors all work together to create an economic chain of production. The primary sector gathers the raw materials, the secondary sector puts the raw materials to use, and the tertiary sector sells and supports the activities of the other two.

What are the difference between primary secondary and tertiary sector?

(i) Primary Sector (or Agriculture sector). It includes all those economic activities which are connected with extraction and production of natural resources, e.g., agriculture, fishing, mining, etc. … (iii) Tertiary Sector (or Service sector).

What are the difference between secondary and tertiary activities?

The secondary sector is the part of the economy that transforms the raw materials into goods for sale or consumption. The tertiary sector is the part of the economy that involves the sale or trade of services instead of goods.

What is the difference between primary and tertiary activities?

Primary activities are those activities that which involve exploitation of natural resources. It is the base for production of other goods that is it provides raw materials. Example: Agriculture, mining, animal husbandry. Tertiary activities are those activities that provide services to the people.

What is the example of tertiary sector?

Examples of Tertiary Industry Organizations Traditional hospitality industries, such as hotels and resorts, are a part of the tertiary industry, as well as food service providers, such as restaurants. All services received from financial institutions, such as banks and investment brokers, are tertiary in nature.

Is Apple primary secondary or tertiary?

Apple is a secondary, tertiary and quaternary industry. Apple manufacture their own stock, they produce their goods and services at factories where they are made (secondary). … The goods that make are useful transportation, most of their goods come with a GPS and internet(tertiary) .

What is primary secondary and tertiary activities?

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary). … In highly developed countries with a high income, the tertiary sector dominates the total output of the economy.

What is an example of a secondary sector?

Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity. Service / ‘tertiary’ sector – concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and I.T. services.

What are the 11 sectors of the economy?

The 11 stock market sectors:Materials.Industrials.Financials.Energy.Consumer discretionary.Information technology.Communication services.Real estate.More items…•

What does the tertiary sector include?

The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work. … the non-market sector (public administration, education, human health, social work activities).

What are examples of tertiary economic activities?

Examples of tertiary industries may include:Telecommunication.Hospitality industry/tourism.Mass media.Healthcare/hospitals.Public health.Pharmacy.Information technology.Waste disposal.More items…

What do you call Primary Secondary Tertiary?

When a matter is of primary concern, it means it’s of first importance. … It’s primary, secondary, tertiary, quaternary, quinary, senary, septenary, octonary, nonary, and denary. There’s also a word for twelfth, duodenary, though that — along with all the words after tertiary — is rarely used.