Tag: secondary
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Tertiary production
Tertiary production Tertiary sector is the service industry which only provides services to its customers. Examples: Banking Haircutting Teaching
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Secondary production
Secondary production Secondary sector converts the primary goods into manufactured goods The secondary sector of the economy manufactures finished goods. Examples: Construction Textile production Processing
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Primary production
Primary production Primary sector involves changing natural resources into primary products The primary sector of the economy extracts or harvests products from the earth. Examples: Fishing , mining Farming Forestry
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3 branches of production
Branches of production Primary production Secondary production Tertiary production
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Secondary research
Secondary research Secondary research is a research conducted by using information of already published data Eg. Newspapers Advantages and disadvantages of secondary research Advantages of secondary research Costs less money Disadvantages of secondary research Data might be outdated
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Primary research
Primary research Primary research is a data conducted first hand or personally The information is generated by personally without referring to previous sources, often referred to as fresh information Eg. Interviews Advantages and disadvantages of Primary research Advantages of primary research New and updated information generated Very low chances of error Disadvantages of primary…
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Tertiary Sector
Tertiary sector Tertiary sector is the service industry. This sector makes the lives of people much easier by providing services Examples: Banking Hair cutting Teaching