WebOct 18, 2024 · Secondary industry is defined as the industry that deals with the raw materials effectively collected by the primary industry so that they can convert them into finished products. These finished goods are in turn sold by Tertiary industries in the consumer market. In an economy, the industrial sector is dominated by producing and … WebJul 15, 2024 · QUINARY sector: examples and characteristics. The great evolution of the economy, especially in recent decades, has led to the creation of new trades, some of …
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WebJan 9, 2024 · Examples include mining, quarrying, farming, fishing and forestry, all of which produce raw materials that can be processed in to a finished product. People working in … WebSep 30, 2024 · For example, when a customer purchases a toothbrush, the value of the toothbrush comes from the service it provides when the customer uses it. The value is not within the toothbrush itself. 4. Operant resources are the fundamental sources of strategic benefit 'Operant resources' refers to a businesses' skills and knowledge. st. xavier school logo
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WebJul 29, 2024 · Tertiary activities involve the commercial output of services rather than the production of tangible goods. Examples include work of a technician, driver, lawyer, administrator, publisher, etc. Question 2. With examples, explain retail trading service. Answer: This is the business activity concerned with the sale of goods directly to the … WebThe economic sector is made up of the primary, secondary, tertiary, quaternary, and quinary sectors, each of which have an important role within the economy. These sectors are comprised of different industries. WebQuinary definition, pertaining to or consisting of five. See more. st. xavier school patna admission