secondary industry
Definition
The industrial sector of an economy dominated by the manufacture of finished products. Unlike a primary industry, which collects and produces raw materials for manufacture, a secondary industry makes products that are more likely to be consumed by individuals. Examples of secondary industry divisions include automobile manufacturing, steel production and telecommunications. Also called secondary sector of industry. See also primary industry, service industry.
Mentioned in these definitions
Popular 'Economics, Politics, & Society' Terms
secondary industry in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/secondary-industry.html
