We explain what the secondary sector is and what its subsectors are, with examples. In addition, summary of the primary and tertiary sector.
A secondary sector or industrial sector is known as a segment of the economy that deals with the transformation of raw material into consumer products or capital goods, constituting the second step in the production chain after the extraction of raw material .
The secondary sector is, today, one of the most important in the development of the economy of the nations , as the procedures applied to the raw material to obtain an elaborated product (which goes to the final consumers) or semi-elaborated ( which in turn feeds other industries) adds value to the product, generating a greater profit at the cost of raw materials.
The industrial sector generally comprises four subsectors:
Some examples of the industrial sector can be:
The primary sector or extractive sector is one whose activities include obtaining the necessary natural resources to start the productive chain, that is, to elaborate the goods and supplies that humanity needs to sustain its life model.
This first stage deals directly with the natural deposits or with the source of the input taken from the environment , often under the permission and supervision of the State, which is the owner of the natural resources of a territory.
The tertiary sector or service sector is distinguished from the primary and secondary sector in that it neither extracts nor transforms natural resources, but provides specific services to both the first two sectors and the consumer , aimed at satisfying specific needs of: transport, logistics, marketing, tourism , finance, entertainment, culture, and a long etcetera. Although they do not produce goods, they are one of the fastest growing sectors in the contemporary world , partly thanks to the advantages of globalization and e-commerce.
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