What is secondary production in economics?
Tuesday, March 28, 2023
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Question: What is secondary production in economics?
Secondary production in economics refers to the creation of goods and services through the transformation of raw materials into finished products. It involves manufacturing, construction, and other forms of industry that involve adding value to raw materials through various production processes. The products produced in secondary production are then sold in the market to generate revenue and contribute to the overall economic growth of a country.
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