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Andrew Sherratt's model of a secondary products revolution involved a widespread and broadly contemporaneous set of innovations in Old World farming.The use of domestic animals for primary carcass products was broadened from the 4th–3rd millennia BCE (c. Middle Chalcolithic) to include exploitation for renewable 'secondary' products: milk, wool, traction (the use of animals to drag ploughs ...
In the context of production, a by-product is the "output from a joint production process that is minor in quantity and/or net realizable value (NRV) when compared with the main products". [2] Because they are deemed to have no influence on reported financial results, by-products do not receive allocations of joint costs.
Plants are capable of producing and synthesizing diverse groups of organic compounds and are divided into two major groups: primary and secondary metabolites. [9] Secondary metabolites are metabolic intermediates or products which are not essential to growth and life of the producing plants but rather required for interaction of plants with their environment and produced in response to stress.
A store that operated primarily in New York and then expanded into New Jersey and Connecticut, Waldbaum's sold a variety of grocery products including deli meat, dairy, baked goods, produce and ...
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction .
Few products have complete undifferentiability and hence fungibility; even electricity can be differentiated in the market based on its method of generation (e.g., fossil fuel, wind, solar), in markets where energy choice lets a buyer opt (and pay more) for renewable methods if desired. Many products' degree of commoditization depends on the ...
Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [1] [2] [3] In many industries, the primary market consists of durable goods, whereas the aftermarket consists of consumable or non-durable products or ...
In almost every village, there are a number of such industries depending upon the size of the village and the demand for the products. The establishment of such industry is closely related to the availability of raw material traditional skills, climatic conditions and, in several cases, the local specialization in the organized factory sector.