The Secondary Sector (Grade 11 NSC Matric Economics): Flashcards

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The Secondary Sector
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Alternative name for secondary sector

Manufacturing sector

What secondary sector transforms

Raw materials into finished or semi-finished goods

Light industry characteristics

Smaller goods, less capital, e.g. clothing, electronics

Heavy industry characteristics

Large goods, high capital, e.g. steel, shipbuilding

Secondary sector's self-sufficiency benefit

Less dependent on other countries for manufactured goods

How secondary sector contributes to GDP

Adds value by processing raw materials into finished goods

Foreign exchange benefit from secondary sector

Export manufactured goods to earn foreign currency

Multiplier effect in manufacturing

Growth creates more materials, workers, tax revenue ripples

Apartheid's impact on SA secondary sector employment

Systematically prevented black SA from education & skills

BEE purpose in secondary sector

Help disadvantaged access skills, jobs, ownership, management

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