Question
Download Solution PDFElectricity production is categorised under which of the following economic sectors?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Secondary sector.
Key Points
- Electricity production falls under the Secondary sector of the economy.
- The Secondary sector involves industries that process, manufacture, and construct products from raw materials.
- Activities in the Secondary sector include manufacturing, construction, and utilities like electricity, gas, and water supply.
- Electricity production involves the transformation of raw materials (like coal, natural gas, or water) into usable energy.
- This sector plays a crucial role in the industrial development and economic growth of a country.
- Examples of industries in the Secondary sector include steel production, automobile manufacturing, and textile production.
Additional Information
- Primary sector
- The Primary sector involves the extraction and harvesting of natural resources.
- Activities include agriculture, mining, forestry, and fishing.
- This sector is the foundation of all other products and industries.
- Tertiary sector
- The Tertiary sector involves the provision of services rather than goods.
- It includes industries like retail, entertainment, financial services, healthcare, and education.
- This sector is also known as the service sector.
- Quaternary sector
- The Quaternary sector involves knowledge-based activities.
- It includes services such as information technology, research and development, and consultancy.
- This sector is crucial for innovation and the growth of the knowledge economy.
Last updated on Jun 7, 2025
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