07 Analyse why a country might want to encourage the growth of its secondary sector.

Ch 2 Business structure
tanzeelrehman
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by tanzeelrehman »

KN = A country might want to encourage the growth of its secondary sector to make higher profits and increase overall economic growth.

APP = For example, China encouraged manufacturing businesses to expand production and exports, which helped it to become one of the largest exporters and the fastest-growing economy.

AN = More profit from businesses means that the government can earn more tax revenue, giving the country more money to spend on vital projects like healthcare and roads. It also creates jobs for many people, reducing poverty and inequality. Growth in manufacturing increases exports, which improves the country’s balance of trade and foreign exchange earnings, so improving the country's financial position
MuhammadAli91191
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by MuhammadAli91191 »

[KN] Governments may support its growth as part of national economic development as secendary sector invovles in manufacturing and processing materials
[APP]e.g. Bangladesh government have invested heavily in manufacturing industries like textiles and electronics to reduce poverty and improve infrastructure.
[AN] thus as these industries grow more job opportunities would be created with better pay improving living standards which will eventually lead to economic development.
amaimatif
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by amaimatif »

A country may encourage the growth of its secondary sector because it creates more jobs. For example, when a new factory opens, it can employ hundreds of local people. This reduces unemployment and boosts the local economy through higher incomes and spending.

A country may want to grow its secondary sector because it creates employment opportunities. For example, building a new factory provides jobs for hundreds of people. This helps reduce unemployment and increases local spending, boosting the wider economy.
Daris
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Daris »

KN A country may want to encourage the growth of its secondary sector because it can increase employment opportunities.
APP For example, when a car manufacturing plant opens, it can employ large numbers of workers from the local area.
AN This reduces unemployment levels, raises household incomes which boosts spending in the economy, and helps the government collect more tax revenue to fund public services.
Tuqwa
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Tuqwa »

KN:A country may want to encourage the growth of its secondary sector because it can create employment opportunities
APP:Forexample when a new factory opens it can employ hundreds of local workers. This reduces unemployment in the area increases household incomes and consumer spending and boosts government tax revenue from both workers and businesses.
AN:Therefore growth of the secondary sector can strengthen the economy and improve living standards
M huzaifa jillani
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by M huzaifa jillani »

(KN)
The secondary sector makes products by turning raw materials into finished goods , like cars , clothes or furniture.
(APP)
If a country grows its secondary sector, it can build more factories , create Jobs and sell products at home or in abroad.
(AN)
This is important becuse more factories mean more employment, higher incomes and more tax for the government. The country can also export goods , bringing in foreign money and making the economy stronger.
AliAzeem
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by AliAzeem »

[KN]Growth of the secondary sector will increase jobs.
[APP]For example a new steel mill is opened in a country,it will create more jobs in the manufacturing of steel.
[AN] Increase in jobs reduces unemployment in the country which increases the output produced leading to increase in GDP resulting in economic growth.
Dania Farooq
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Dania Farooq »

(KN) Countries encourage the growth of the secondary sector because it involves manufacturing which can drive economic development.
(APP) For eg, if a new car factory opens it can employ hundreds of local people and use materials from the primary sector.
(AN) This reduces unemployment by creating jobs, increases local income and spending in the economy and can increase exports asw which strengthens the country’s overall growth.
Mashal Umair Niazi
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Mashal Umair Niazi »

KN: It would to better trade and higher economy.
APP: Example, fish would be processed into its different packaged goods eg oil.
AN: More processing means that there would be an added value on the goods therefore can be sold for a higher price, and hence the country can earn better from trade deals while also gaining a good reputation for selling that specific processed item therefore more trade, and more added value in the form of brand image.
Maheen Eman
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Maheen Eman »

(KN) A country may want to promote the secondary sector since it offers employment opportunities and helps in economic development.
(APP) For example, when new auto plants are opened in countries like India, they employ thousands of indigenous workers.
(AN) It reduces unemployment, increases family incomes, increases government revenue via taxation, and stimulates demand elsewhere within the economy.
Haiderabbas
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Haiderabbas »

KN: A country encourages secondary growth to create better paid jobs and increase GDP.

APPLICATIONN: for e.g- the government gives tax breaks to attract a car plant, creating thousands of factory jobs locally.

AN: The car plant example shows direct job creation and new local supply chains. It brings training and higher wages for workers. However subsidies cost public money (money collected by gov thru taxes etc) and must be justified by long term benefits.
Mohamed Saif M
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Mohamed Saif M »

[KN] Growth in the secondary sector can create significant employment opportunities on a large scale.
[APP] For example, the opening of a new factory can provide jobs for hundreds of people in the local area.
[AN] This helps lower unemployment, increasing household incomes and improving living standards. As a result, demand for goods and services rises, strengthening the overall economy and increasing government tax revenues, which can be reinvested into public services and infrastructure.
Ruqyia Salman
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Ruqyia Salman »

[KN]:A country may want to encourage the growth of its secondary sector because it creates employment opportunities.[APP]:For example, opening new factories provides jobs for workers, reducing unemployment in the economy.[AN+]:This not only raises incomes and improves living standards but also increases government tax revenue, which can be reinvested in public services, helping overall economic growth.
Aayan Zaidi
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Re: 07 Analyse why a country might want to encourage the growth of its secondary sector.

Post by Aayan Zaidi »

KN: A country may grow its secondary sector because manufacturing creates jobs and boosts economic development.
APP: E.g when car or textile factory opens, they employ many workers and also increase demand for local suppliers and raw materials.
AN: This leads to higher incomes, more exports, and greater government tax revenue, helping the economy become stronger and less dependent on imports.
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