Photo AI

Glanbia plc operates in the secondary sector of the economy - Leaving Cert Business - Question A - 2014

Question icon

Question A

Glanbia-plc-operates-in-the-secondary-sector-of-the-economy-Leaving Cert Business-Question A-2014.png

Glanbia plc operates in the secondary sector of the economy. Explain what is meant by the 'secondary sector'. Name the two other sectors of the economy.

Worked Solution & Example Answer:Glanbia plc operates in the secondary sector of the economy - Leaving Cert Business - Question A - 2014

Step 1

Explain what is meant by the 'secondary sector'.

96%

114 rated

Answer

The secondary sector refers to the part of the economy that transforms raw materials from the primary sector into finished goods. This includes manufacturing industries that produce items such as furniture, electronics, and food products. The role of the secondary sector is crucial as it adds value to raw materials and creates employment opportunities. Additionally, it encompasses construction industries that create infrastructure such as buildings and roads, providing further economic opportunities, particularly in areas with supportive economic conditions.

Step 2

Name the two other sectors of the economy.

99%

104 rated

Answer

  1. Primary Sector (Extractive Industry)
  2. Tertiary Sector (Services)

Join the Leaving Cert students using SimpleStudy...

97% of Students

Report Improved Results

98% of Students

Recommend to friends

100,000+

Students Supported

1 Million+

Questions answered

;