Which of the following economic activities belong to "Secondary sector"?
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: All of the above
Generally, we divide all economic activities into eight different industrial divisions. They are (i) Agriculture (ii) Mining and Quarrying (iii) Manufacturing (iv) Electricity, Gas and Water Supply (v) Construction (vi) Trade (vii) Transport and Storage and (viii) Services.
For simplicity, all the working persons engaged in these divisions can be clubbed into three major sectors:
(a) primary sector which includes (i) and (ii),
(b) secondary sector which includes (iii), (iv) and (v) and
(c) service sector which includes divisions (vi), (vii) and (viii).