pak studies paper 2

[Lisa1995]

How do we define:
1. processed goods
2. value-added goods
3. manufactured goods
4. services
5. infrastructure ?

 

[rafae]

1. Processed goods- they are goods that are converted from the primary sector raw materials, and processed or manufactured to form a product.
Examples: Furniture, Carpets, Garments

2. Value-added goods: it is when you add value to the cost price of a good, which will inevitably lead to a rise in its selling price. For example, if you want to add value to fish, you can start selling it in cans to increase its value.

3.Manufactured goods- processed - same thing

4. Services- also known as tertiary sector, is when you provide a service. For example, a window cleaning service, a car show room
Note: a car show room only sells cars, it doesn't make them, which is why it is a tertiary service.

5. Infrastructure; it relates to all the development in a particular region.
For example, the roads, rail links, power grids, communication lines, water supplies, and sanitation facilities. etc