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Secondary Economic Activity Examples

secondary activity examples

It was attempted to derive the ways through which climate change can affect the non-agricultural industries. Though climate change can also positively affect the non-agriculture industries (e.g. through new taste and preferences for some goods; new markets Certified Public Accountant for technologies) we were biased towards the negative aspects. Add to this, the paper is based on some selected case studies on some geographical areas as illustrative examples. Examples of primary industries would be the oil and gas industry or mining.

Moreover, impacts on these sectors are high in absolute terms as the two industries contribute to more to national GDP in absolute terms than agriculture in many countries . Accordingly, though the impacts of developed countries’ export is almost nil, one degree Celsius warmer in a given year reduces the growth of a poor country exports by between 2.0 and 5.7 percentage points. Climate change does also affect the non-agricultural industries through CARES Act its effects on the climate dependent primary economic activities. Food and brewery, textile, and other natural resource dependent (e.g. timber and pulp and fishery) are among such industries through which climate change can have repercussion effects on nonagriculture economic activities. Because the production process in these industries is also labour intensive, the impacts, are double—through both labour productivity and repercussions.

Such events, for instance, delay the contractual period which in turn breeds additional costs to the contactor. The delays in turn affect the reputability and goodwill of the real estate firms. On the other hand, coastal erosion, subsidence, flooding, and change in draining systems influence the choice of construction site to which effect geological survey costs increase.

  • Manufacturing of cloth from cotton; sugar from sugarcane etc. are the examples of secondary activities.
  • Its impacts, vulnerability and adaptation issues have drawn many scholars from the political, academic, and research sphere .
  • In developed and developing countries, a decreasing proportion of workers is involved in the primary sector.
  • Companies from Hong Kong and Taiwan have established factories in Export Processing Zones along the east coast.
  • Electronic equipment covers a large percentage of capital goods that are obtained in the secondary sector of the economy.
  • The term tertiary industry can be used to describe a single service-oriented organization or the industry segment as a whole.

The primary sector of the economy can be classified as the “extractive” industry. These include the industries that produce or extract raw materials. Farmers are an example of primary sector workers, as food items are collected as raw materials, such as wheat and milk, and are taken from the farm and made into other products such as bread and cheese. Other industries include mining, such as coal, iron ore or oil, which extract the raw materials from the ground which will be converted into other useful items. In traditional economies, the primary sector usually represents the largest sector of employment. The primary sector of the economy extracts or harvests products from the earth such as raw materials and basic foods. Activities associated with primary economic activity include agriculture , mining, forestry, grazing, hunting and gathering, fishing, and quarrying.

Primary activity includes those occupations which are closely related to man’s natural environment. Gathering, hunting, fishing, lumbering, animal rearing, farming and mining are some of important examples of primary activities.

Human Resources

On the other hand, secondary sectors include activities like Manufacturing, production, processing and conversion of goods, trade and commerce, engineering, secondary activity examples refining, transport and communication. The secondary sector of the country covers those economic activities that produce finished and ready to use products.

Technically cooking falls under the secondary sector activities; primary sector would be farming and gathering , secondary secondary would be cooking , while the tertiary sector would be the restaurant personnel . Intel Ireland is located in a greenfield site in Leixlip, Kilddare. It manufactures microchips – the brains of computers – for the computer industry. In 2008, it employed 5,000 people directly and indirectly, and is the largest Intel plant outside the USA.

secondary activity examples

This is driven by the transfer of organic material between trophic levels, and represents the quantity of new tissue created through the use of assimilated food. This may include reaping explicitly from the wild, cultivating crops, rearing domesticated animals, hunting and gathering, forestry and logging, extracting minerals and fuels from the earth or utilizing non-renewable sources of energy from the environment.

What Are Secondary Activities?

If temperature increases, for example, the taste for wool product will fall. Reference which assessed the economic impacts of climate change on Australian wool industry has reported both wool production and prices have been falling since 1987. Of course, there are gains, too, to the industry through increased taste and preference for some products—for example, Air Conditioner, Heater, light clothes, and likes. We have seen construction industry will benefit from reconstruction and relocation after destructions caused by cyclones and flooding. Many of these industries consume large quantities of energy and require factories and machinery to convert raw materials into goods and products. They also produce waste materials and waste heat that may cause environmental problems or cause pollution. The secondary sector supports both the primary and tertiary sector.

For this purpose, all economies perform some basic activities which are grouped under three heads, namely, production, consumption and investment, as explained below. These basic economic activities what are retained earnings are also called three vital processes of the economy because they are vital for the economy to survive and grow. In contrast, the secondary sector employs both unskilled and skilled labours.

secondary activity examples

During the Q&A sessions at my events, I am often asked questions such as “How can I get her to socialise?” or “How can I get him to write?” by parents in reference to their children who cannot bring themselves to carry out said activities. One recurring theme I notice in parents, by absolutely no fault of their own, is a tendency to mix up their children’s primary activities with their secondary activities. A value chain is a business model that describes the full range of activities needed to create a product or service. The purpose of a value-chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost. Explain the primary, secondary and tertiary sectors by giving examples of each. Primary activities include activities, such as hunting, fishing, mining, agriculture.

Travel Industry

The nature of secondary activities can vary widely, depending on the industry. No primary activities are dependent on these business processes; in the example above, the company’s manufacturing does not rely on renting out unused space. The secondary activity in this example increases efficiency by profiting from property that would otherwise be left vacant. This lowers operating expenses and creates another revenue stream for the company, offering a new benefit. By contrast, the secondary sector takes things that have been extracted by the primary sector and makes them into finished products. In the case of construction, the industry takes things like wood and concrete that have been made by the primary sector and makes them into buildings.

secondary activity examples

The primary sector is categorized under unorganized sector, as the terms of employment are not certain and regular. As against, the secondary sector is classified under the organized sector due to the certainty and regularity in terms of employment. Primary Sector covers those activities which result in the production of goods, by extracting or utilizing the natural resources. On the contrary, the Secondary Sector covers all those activities which are related to the transformation of the natural products into various forms, through ways of manufacturing.

Disadvantages Of Secondary Industries

These intellectual services and activities are what drive technological advancement, which can have a huge impact on short- and long-term economic growth. Roughly 4.1% of U.S. workers are employed in the quaternary sector.

What Are The Differences Between Primary And Secondary Forests?

You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. The tertiary sector can be subdivided broadly into for-profit and nonprofit segments. Heavy industry is the construction of large facilities such as a hydroelectric dam and the manufacturing of large products such as aircraft.

Conversely, companies bringing in revenue from vacant properties and other secondary activities may be in a stronger financial position. Businesses must account for secondary activities on financial filings like taxes and annual reports.

It may also include police and fire departments, which are public services as opposed to for-profit enterprises. In developed and developing countries, a decreasing proportion of workers is involved in the primary sector. Only about 1.8% of the U.S. labor force was engaged in primary sector activity as of 2018.

Examples of this are food producers who turn raw grains into pastas or mills that turn trees into lumber. The secondary sector is often described as the middle path or the second step that had its origin in the raw materials from the earth and will finish at the hands of consumers with the help of finished products made by secondary industries.

Secondary Sector Of The Economy

Transportation was very poor, so ironworks were resource-based, i.e. located where iron ore and forests were available. But the forests were quickly cut down, so the industry relocated to a new energy source – coalfields. At the end of the 1700s during the Industrial Revolution, the demand for iron and steel was very high. Canals, and later railways, carried iron ore to the iron and steel works. The coalfields remained the main location for iron and steel smelting until the second half of the 1900s. Inland steel plants closed with great job losses, e.g. the Corby steel plant in 1980, losing 5,000 jobs in one day. Heavy industries refer to the manufacturing and production process on a large scale that involves heavy and large facilities, equipment, areas, machine tools, and complex and large-scale infrastructure.

Primary sector – extraction of raw materials – mining, fishing and agriculture. Service / ‘tertiary’ sector – concerned with offering intangible goods and services to consumers.

Over time, the percentage of the population of a country working in these different sectors of industry will change as the country develops. The service sector is the portion of the economy that produces intangible goods. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

With these fibers, the yarns are manufactured which, subsequently, through industrialized looms, will manufacture the fabrics that are required for the production of various articles. Loans provide benefits to both borrowers and to the U.S government as a lender. They make capital available to borrowers who need it, and the government’s initial capital is returned with interest.

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