Definition of Primary Sector?


The term primary sector is normally used in the financial terms to refer to the sector of an economy making direct use of natural resources. It includes the agriculture, forestry and fishing, mining, and extraction of oil and gas sectors.
Q&A Related to "Definition of Primary Sector?"
The primary sector of the economy can be classified as the "extractive" industry. These include the industries that produce or extract raw materials. Farmers are an example
Is where you change natural resources into primary products. Primary products are considered raw materials for other industries.
The primary sector of the economy is the natural resource sector, or the
The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with
1 Additional Answer
The primary sector refers to the industries engaged in production or extraction of natural materials such as crops, oil, and ores. Major businesses in this sector comprise of agriculture, agribusiness, fishing, forestry and all mining and quarrying industries. The manufacturing industries which aggregate, pack, package, purify or process the raw materials close to the primary producers are normally considered part of this sector, especially if the raw material is unsuitable for sale or difficult to transport long distances.
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The tertiary sector the service sector of the economy. An economy has three sectors namely; the primary sector, that includes mining agriculture and others, the ...
Industrial sector or secondary sector is one of the three sectors that make up a country's economy. Industrial sector usually accepts the primary sector end product ...
The private sector is a fraction of the economical market that is owned and controlled by private individuals and businesses. Private sector businesses are not ...
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