Role of Secondary Sector in Industry and Entrepreneurship Concepts

Priyanka Sharma04 Dec, 2024Finance

The secondary sector plays a pivotal role in the economic structure of any nation. It predominantly includes manufacturing and industrial activities, transforming raw materials into finished products. This sector serves as a bridge between the primary sector, which deals with raw material extraction, and the tertiary sector, which involves the provision of services. In recent years, the global economy has seen significant shifts towards the secondary sector, significantly impacting industry and entrepreneurship. This article delves into the intricate relationship between the secondary sector and the concept of entrepreneurship, exploring their interdependence and mutual growth.