An industrial economy is best deﬁned as an economy whose 50% or more – InterviewSolution

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1.

An industrial economy is best deﬁned as an economy whose 50% or more produce value comes from the ______ sector.1. tertiary2. banking3. secondary4. primary

Answer» Correct Answer - Option 3 : secondary

The correct answer is Secondary.

Secondary activities add value to natural resources by transforming raw materials into valuable products.
Secondary activities, therefore, are concerned with manufacturing, processing and construction (infrastructure) industries.
People engaged in secondary activities are called blue-collar workers.
Construction sector, manufacturing and utilities, e.g. electricity.

Sectors	Functions
Primary	Primary activities are directly dependent on the environment as these refer to utilization of earth’s resources such as land, water, vegetation, building materials and minerals.
Tertiary	Tertiary activities include both production and exchange. The production involves the ‘provision’ of services that are ‘consumed.

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