Secondary Sector Products Definition
The secondary sector of an economy is typically made up of manufacturing and construction industries. These industries are concerned with the transformation of raw materials into finished goods. The products that are created in the secondary sector can be defined as either consumer goods or capital goods.
Consumer goods are those items that are purchased by individuals for personal consumption. Examples of consumer goods include clothing, food, and automobiles. Capital goods, on the other hand, are used in the production of other goods and services. They are not purchased for personal use but rather for use in business. Examples of capital goods include machinery, tools, and buildings.
