The secondary sector is one that is taught to us as part of the most basic economics syllabus. Its meaning and importance are signified and that’s where it is left at. However, what is the importance of the secondary sector, in real life? How is it relevant to the life cycle of a product and how does it affect the consumers? All these questions are answered further in the article. The secondary sector is the sector that largely engages in manufacturing products and providing connecting services.
Anyone with even the most basic knowledge of the workings of a market would understand how this sector is important to the same. When it comes to Additive manufacturing, Singapore is considered to be one of the highest-earning industries across the world garnering almost billions in revenue every year.
Why is it so?
The answer to the above-mentioned question is simple. No consumer wishes to buy a bland product and with the increasing competition of every single item in the market, it is impossible for producers to change the product they sell after a certain extent so the only option they are left with, is to manufacture the product in an attractive way. This is where manufacturing comes into play. Additive manufacturing Singapore is known to be the best, and most creative when it comes to increasing the value of a product with pomp and show.
The value of manufacturing in the minds of producers can be understood by the fact that most companies spend almost 60 percent of their budget, for the production of a particular product on manufacturing only