Secondary Sector (Manufacturing and Industry)

Secondary Sector (Manufacturing and Industry)


What is Secondary Sector (Manufacturing and Industry)

Manufacturing and Industry sector known as secondary sector, sometimes as production sector, includes all branches of human activities that transform raw materials into products or goods. The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry.


Manufacturing and Industry sector known as the secondary sector, sometimes as the production sector, includes all branches of human activities that transform raw materials into products or goods. The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry. Most of this sector is mechanical engineering.



Other sectors of economy:

Raw materials (primary sector)





Service sector (tertiary sector)



The secondary sector is often divided into heavy industry and light industry (see mechanical engineering). Each business, organization or professional group, chamber or guild may also have their own classification.

The secondary sector forms a substantial part of GDP, it creates values (goods) and it is the engine of economic growth and is crucial for all developed economies, although the trend, in most developed countries, is the predominant tertiary sector.

Basic list of Manufacturing and Industry sector or secondary sector is following:

Automotive
Electrical industry
Chemical Industry
Energy industry (according to some sources it is on the border of the tertiary sector)
Metallurgical industry
Construction Industry
Food Industry
Glass industry
Textile and clothing industry
Consumer goods industry (all consumables)

Each country has a different ratio of different industries, according to local conditions and industrial traditions. For a more detailed breakdown of the secondary sector into individual branches and into individual economic activities, there are used different classifications of human activities.


Related terms and methods:





Economies of Scale





Factors of Production





GDP (Gross Domestic Product)





Market Sectors





Mechanical engineering





Production Process





Product Portfolio





Products



Related industry / sector:

Aerospace industry





Automotive Industry





Biotechnology





Food and drink industry





Chemical industry





Iron and Steel Industry





Robotics industry

 Secondary Sector (Manufacturing and Industry)  


Location: Chicago, United States

Comments

Post a Comment

Popular posts from this blog

50 Ideas to Get Your Online Business Started

Image
50 Ideas to Get Your Online Business Started  Kristen Hicks 1 year ago "> 50 Online Business Ideas for Entrepreneurs Ever feel like all the good business ideas are taken? If you’ve been dragging your feet on embracing entrepreneurship because you don’t feel like you have a good enough idea to build a business on, have no fear. Running an online business is more about doing your research and putting the work in than having some great product idea that’s never been done before. As long as you can sell something people want to buy,  put together a good e-commerce website , and  do enough marketing  to attract people to your site – you can be an entrepreneur.  If you’re still stuck on the part where you figure out what to sell, we can help with that. Here’s a list of 50 online business ideas to get you past that first step of figuring out what to sell.   Physical Products You Can Sell Online "> People increasingly ...
Read more

70 Best Home-Based Business Ideas That You Can Start Today

Image
70 Best Home-Based Business Ideas That You Can Start Today Updated: Jul 28 While scrolling through Instagram, I’ll admit envious emotions arise when I see college friends posting photos backpacking the world while making a comfortable living. The digital nomad phenomenon is only one example of this increasing office-free trend that’s seducing everyone from stay-at-home parents to previously full-time employed individuals to autonomy-craving millennials. Whether you have a home-based business, travel to your clients, or cram in a few hours at a cafe, the possibilities of avoiding the 9-5 office life are plentiful. In fact, in the U.S. alone, the most recent census (2017) found that  8 million people worked from home . It takes a self-motivated, highly disciplined person to make a home business successful. Of course you should choose a good idea that suits you best. Fortunately, there are options available for all skill levels and areas of expertise. From the lo...
Read more

What is a Kiosk? – Definition, Examples, and More

Image
What is a Kiosk? – Definition, Examples, and More By  Abigail Orencia  on August 24, 2017 |  Glossary ,  Marketing  |  Comments (0) Definition A kiosk is a small, stand-alone booth typically placed in high-traffic areas for business purposes. It typically provides information and applications on education, commerce, entertainment, and a variety of other topics. Kiosks are popular due to the number of advantages they provide. 3 Common Types Of Kiosk Machines 1. Touch Screen Kiosks This is a stand-alone device that features a touchscreen interface and uses highly advanced programming software. Such kiosks are often used in the retail or consumer industry, and are placed in high traffic areas where people can get information with the touch of a finger. 2. Internet Kiosks These kiosks offer internet access to the public. They are usually installed at the airport, hotel lobbies, or apartment offices. Aside from monitors, mouse and keyboar...
Read more