BUSINESS BOOKLET QUESTIONS
- Define the term secondary sector
Secondary sector is defined as a particular section of the economy that deals with manufacture of finished goods. It includes several industries that use machinery to transform the products extracted by the primary sector to come up with finished goods and services that are more appealing and more useful to the final consumer.
- Define the term production:
Production is defined as the process of transforming raw materials and other resources through incorporation of manpower’s ideas and knowledge to goods and services that are appreciated and utilized by the final consumers.