10 Reasons Why Primary And Secondary Sector Is Common In USA | primary and secondary sector

The term “primary sector” refers to the industry, which utilizes the primary resources and is based on those resources only. In general, the main constituent of this sector includes manufacturing and agricultural products, with other services, tourism, and mining being the minor components of it. In addition, some of the major products are electricity, petroleum, steel, and some others.

Primary resources include mineral and petroleum deposits but also includes air, water, land and vegetation, which are all used extensively in the economy of India. The primary sector of the economy has a very important role to play in India's development. This sector basically consists of those industries which depend on natural sources of the country for their growth. In a general way, this sector also includes the mining industries.

The second sector, which includes manufactured goods, tourism, and agriculture products, constitutes the major portion of the economy. The production of agricultural products, mostly rice, wheat, pulses and vegetables, forms the major part of this sector. Tourism is primarily associated with the industry of accommodation and travel. The third sector includes mining industries.

The secondary sector consists of finance, commerce and insurance, as well as other service sectors like education, health care, legal, communications, engineering and so on. The finance industry includes banks, financial institutions, insurance companies and many others. Commerce and insurance sector are basically related to those industries that focus on sales, distribution, maintenance, management and other aspects related to the sale of products and services.

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The last part of this sector comprises the health care sector. Health care involves the provision of health care facilities for people belonging to different sections of society such as the aged, handicapped, children and others. There are many hospitals, clinics, and other health care facilities available in the country.

India has developed into one of the largest economies of the world with the help of this sector of the economy. With the aid of this sector, India can be referred to be considered as a developed economy. With the support of this sector of economy, India's development has taken a great step forward.

The major industries of India include IT, pharmaceutical, textiles, cement, furniture and others. These industries have been responsible for the economic development in India.

Other major industries which contribute to the development of the economy are manufacturing, retailing, banking, financial and insurance services. Manufacturing contributes to the development of this sector. The major manufacturing units of India are namely the textile, automobile, electrical and others. The retailing industry in India is largely dominated by two industries namely textiles and jewelry.

The growth rate of the economy of India has improved tremendously with the help of this sector of economy. Due to this reason, there has been a major change in the political system of India.

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