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The secondary sector of the economy is any industry based on a finished physical product. This can be contrasted with the primary sector that produces raw materials and tertiary sector that produces intangible value such as services. The following are examples of the secondary sector.
ManufacturingThe production of physical products such as mobile devices.The production of products that consumers need to buy on a regular basis such as food and cleaning supplies.Products that consumers choose to buy when they have discretionary income such as sporting equipment.
Consumer products that have a useful life of more than three years such as furniture, appliances and vehicles.FashionThe fashion industry has unique properties as it is a basic human need and could be considered a staple. However, it is often a discretionary purchase as people overpay for clothing because it can be viewed as a status symbol. Fashion is often physically durable but people often wear items for less than a year.
Business ProductsProducts specifically designed for businesses. This is a shrinking category of the secondary sector because businesses increasingly use products designed for consumers.Products that require significant human attention in the production process such as a violin crafted by a luthier.ConstructionThe construction industry a major component of the secondary sector that produces buildings, landscapes and infrastructure.
Heavy industry is the manufacture and construction of unusually large, complex things such as a port or aircraft.|
| Type | | | Definition | Industries based on a finished physical product. | | Related Concepts | |
Industries
This is the complete list of articles we have written about industries.
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