"This sector of economic activities involves processing of raw materials derived from primary sector into products for sale or consumption." Which sector of the economy is being talked about in the information given above?
Secondary
The statement describes economic activity that takes raw materials produced by the primary sector and processes them into finished goods for sale or use.
Economic activity is usually grouped into stages: the primary sector extracts natural resources (farming, mining, fishing), and the next stage transforms those resources.
That transforming, value-adding stage of manufacturing and industrial processing is the secondary sector - for example turning iron ore into steel, cotton into cloth, or wheat into flour and bread.
Because the description centres on converting raw materials into products, it matches the manufacturing role of the secondary sector precisely.
The tertiary sector supplies services (transport, banking, trade) rather than making goods; the quaternary sector deals with knowledge, information and research; and the quinary sector covers the highest-level decision-making by top executives and policymakers.
Hence, the correct answer is Secondary.
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Important Questions from Microeconomics
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III. If the output is more than tripled, then increasing returns to scale apply.
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